The Finance Minister, Ken Ofori-Atta, will today, Thursday, July 29, 2021 present the mid-year budget review in Parliament.

This is in accordance with Article 179 of the 1992 Constitution and the Public Financial Management Act 921.

The mid-year Budget review seeks to re-evaluate the economic outlook for the rest of the year.

Government through the 2021 budget statement and economic policy introduced new taxes on petroleum products, 1% COVID-19 Health Levy on VAT Flat Rate Scheme and 1% on the National Health Insurance Levy (NHIL) as part of revenue measures to help the economy recover from the effects of the global pandemic.

Parliament approved GHS129 billion for the services of the government for the 2021 financial year.

Source: Ghana/ Fm