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Finance Min presents 2020 mid-year budget review in Parliament today

Finance Minister, Ken Ofori-Atta will later today, Thursday, July 23, present the 2020 mid-year budget review and supplementary estimates for the financial year in Parliament.

This is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921).

The Minister is expected to touch on key economic indicators such as growth rate, primary balance, budget deficit, revenue, and expenditure targets among others.

He is also expected to provide to Parliament a clear cut plan on how government intends to deal with the adverse impacts of the Covid-19 pandemic.

Also the Minister is likely to highlight government strategies in paying back the GH¢10 billion it borrowed from the Central Bank to finance the budget deficit as well as the $ 1 billion IMF RCF loan and $ 219 million drawdowns from the Stabilisation Fund.

Meanwhile, Parliament has barred the media from pitching camp in parliament for the mid-year budget review coverage on Thursday.

Members of the public are also not allowed to observe proceedings from the public gallery.

The move, according to parliament is a measure against the spread of Covid-19.

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