2011 budget statement of ghana pdf file

Preamble ghana s minister for finance, ken oforiatta, presented the 2017 budget statement and economic policy to parliament on thursday, 2 march, 2017. The budget, the first under the nana akufoaddo administration, has been dubbed the asempa budget by supporters and is aimed at cutting taxation and unleashing economic growth. The petroleum revenue management act 2011 act 815 was passed by parliament in march 2011. Kwabena duffuor minister of finance and economic planning on the authority of h. The finance minister, ken oforiatta, presented the 2020 budget statement on november 2019 with the theme consolidating the gains for growth, jobs and prosperity for all. Madam speaker, i beg to move that this august house approves the budget statement and economic policy of the government for the year ending 31st december 2012.

Ghana the human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. As usual, the budget statement is guided by the framework provided by, and the. Cybercrime is also criminal activity using internet facilities such as virus infections, identity theft and hacking. Madam speaker, i beg to move that this august house approves the budget statement and economic policy of the government for the. House approves the budget statement and economic policy of the government for the year ending 31st december 2010. Charterhouse condemns walestonebwoy battle at vgma read full. The government intends to revive the textile industry which has recently.

The key aspects of the policy relating to tax, according to the minister, are summarized below. Budget statement and economic policy for the 2015 financial year. Ghana s minister for finance and economic planning the minister has presented the 2020 budget statement and economic policy the budget for the government of ghana to parliament. The policy was presented in accordance with section 28 of the public financial management act, 2016 act 921. Financial statements contents financial statements 128 independent auditors report consolidated financial statements 3 consolidated income statement 4 consolidated statement of comprehensive income 5 consolidated balance sheet 6 consolidated statement of changes in equity 8 consolidated cash flow statement notes to the consolidated financial statements. The budget is anchored in the presidents ghana beyond aid vision and the coordinated programme of economic and social development policies 20172024.

The 2015 budget statement and economic policy of the government and the citizens budget are available on the internet at. As it is commonly known, a budget is an instrument of government economic policy and a strategy to deal with a country. Madam speaker, it is my duty once again, to present to this honourable house and to the people of ghana the 2010 budget statement and economic policy on behalf of his excellency, president john evans atta mills. Budget 2011 documents published on 7th of december 2010 are available below. Speaker, this presentation is an abridged version of the 20 budget statement. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education.

Charterhouse condemns walestonebwoy battle at vgma read. Below are the key highlights of the tax initiative that the government has proposed. Ministry of finance public relations office new building, ground floor, room 001 and 003 p. The 2011 budget statement and economic policy of the government is also available on the internet at. To purchase copies of the statement, please contact the public relations office of the ministry. Interest in enhancing revenue mobilization in developing countries is increasing.

Section 1 presents the performance and achievements under the implementation of 2007 budget while section 2 highlights the 2008 budget targets and outlook. In other wards it is the quantification of an institutions business plan in monetary terms. Budget speech budget statement and economic policy of the government of ghana for the 2011 financial year presented to parliament on 18thnovember, 2010 by dr. Budget statement and economic policy and supplementary estimates of the government of ghana for the 2014 financial year presented to parliament on wednesday, 16th july, 2014 by seth e. According to the minister, the government is seeking to. Rapidly improving the living standard of people through fulfilment of the basic. Ghana issues 2017 budget statement and economic policy. Then in 2011 when we started to export crude oil, our lmic status got consolidated. Kwabena duffuor, minister of finance and economic planning outlined in this publication are some of the principal matters in the budget statement. However, the proportion of the national budget that goes to direct nutrition interventions is not evident in the budget. Where the company provides the employee with accommodation, the employee is assessed to additional tax on the benefitinkind element as follows.

The theme of the budget is from stabilisation to growth, putting ghana back to work. This is in accordance with article 179 of the 1992 constitution. Ghana issues 2015 budget on 19 november 2014, the 2015 budget statement and economic policy of the government of ghana was presented to the ghanaian parliament. However, the law recognizes that the gnpc has obligations in respect of its equity in joint. The budget must leave room for infrastructure development. Africa ghana the world factbook central intelligence. Budget is an admission that, as currently structured, the national budget will fail to adequately deliver on the governments better ghana agenda, if it is business as usual. Ghana presents 2020 budget statement and economic policy. Public relations office new building ground floor room 002 or 004 p. The womens manifesto for ghana the processes involved in the production and dissemination of the womens manifesto has culminated in the formation of a broad coalition of ngos and other civil society organisations.

To enhance the resources for allocation in this budget, i am raising additional revenues in the order of 700 million. Madam speaker, i beg to move that this august house approves the budget statement and economic policy of. Allocations to relevant nutritionsensitive sectors are very low budget statement and economic policy of the government and the citizens budget are available on the internet at. Despite the new mission send adopted in 2008 to promote good governance and the equality of women and men in ghana the organization still. Budget speech of fiscal year 201920 government of nepal.

Ken oforiatta presented the 2017 budget statement and economic policy of the government of ghana the budget to parliament. Read the 2017 budget statement of ghana full textpdf. It consists of a list of all planned expenses and revenues. Ghana, a country with a population of about 25 million people, and a land area of 239,000 km2, is west africas second largest economy after nigeria, and africas twelve largest. Financial statements 128 independent auditors report consolidated financial statements 3 consolidated income statement 4 consolidated statement of comprehensive income 5 consolidated balance sheet 6 consolidated statement of changes in equity 8 consolidated cash flow statement notes to the consolidated financial statements basis of. Ghanas development efforts over the period 2012 2016. Founded as a service organization in northern ghana in 1998, send started engaging in budget work in 2002 and has evolved into a civil society organization cso with a broad national presence. The 2011 budget statement was one of the most anticipated in the recent history of this country, not only because of the general publics expectation of the oil revenue and the perceived unlimited benefits thereof, but also the impact of ghana s recent reclassification to middle income status. The year 2011 is a distinguishing year for nigeria.

Partneringwofagric 2019 set to reverse the unsung hero8th annual preharvest conference and. The tax rate applicable to nonresident individuals is a flat rate of 25 percent on their chargeable income. Stimulating growth for development and job creation. This was the first budget presented by the minister since the. Box mb 40, accra ghana the 20 budget statement and economic policy of the government is also available on the internet at. On 15 november 2018, ghana s minister for finance and economic planning, mr. His teaching and research interests are largely in the areas of financial accounting and auditing. Asaresult, the financial statements maynot be suitable foranother purpose. Table a7 ghana s balance of payments, 1996 1999 table a8 list of loans guaranteed by government in 1998 section 1 introduction 1. This report outlines the main highlights of the 2008 budget statement and economic policies of the government of ghana. Financial statement ministers speech online pdf download summary of 2011 budget measures policy changes pdf. Speaker, i beg to move that this house approves the budget and economic policy statement for the year 1999 financial year. Box mb 40 accra ghana the 2016 budget statement and economic policy of the government of ghana is also available on the internet at. Find below downloadable documents on the 20 budget statement and economic policy of ghana.

Ministry of finance and economic planning public relations. Budget statement 2015 5 empowering our people through sustained economic growth and prosperity madam deputy speaker, our economy has performed admirably in the face of the adverse cumulative effects of the difficult external environment and the turbulence in financial markets brought about by the 20082009 global financial crisis. Ministry of finance public relations office new building, ground floor, room 001003 p. The finance minister, ken oforiatta, presented the 2017 budget statement to parliament earlier today thursday, march 2. The budget statement and economic policy ghana news. Budgets for mental health services will grow as a share of the overall nhs budget over the next 5 years. Ken oforiattah, presented the 2019 budget statement and economic policy to the parliament.

Securing the bright medium term prospects of the economy the theme for governments 2015 budget statement and economic policy mirrors the persisting global and economic challenges and the effort required to weather the shocks while growing the economy. The minister stated public sector compensation should not put further stress on the fiscal envelop. Ministry of finance public relations office new building, ground floor, room 002 or 004 p. Ghana presents 2019 budget statement and economic policy. Budget statement and economic policy of the government of ghana. Sowing the seeds for growth and jobs presented to parliament on thursday, 2nd march, 2017 by ken oforiatta minister for finance years on gh mobilising for ghanas future on the authority of his excellency nana addo dankwa akufoaddo. Mar 07, 20 find below downloadable documents on the 20 budget statement and economic policy of ghana. Infrastructural development for accelerated growth and job.

The coalition on the womens manifesto for ghana,as it has been named, is working collaboratively to promote the acceptance. Securing the bright medium term prospects of the economy. Trafficking in persons report 2011 share over the past 15 years, trafficking in persons or human trafficking have been used as umbrella terms for activities involved when one person obtains or holds another person in compelled service. Box mb 40 accra ghana the 2017 budget statement and economic policy of the government of ghana is also available on the internet at. The files can also be accessed and downloaded from the widget.

The budget highlights of the budget statement and economic policy of the government of ghana for the 2016 financial year presented to parliament on friday, th november 2015 by seth e. Most developing countries are emerging from the crisis with their fiscal prospects broadly intact imf, 2010a, but with many still facing a fundamental need to raise more revenue from their own tax bases. Right honourable speaker, right honourable chairman, 19. Budget statements 19982018 a budget is a plan for the near future detailing saving and spending expenditures. Ghana issues 2018 budget statement and economic policy. Terkper minister for finance on the authority of his excellency president john dramani mahama. Given ghanas history of budget cycles, the 2020 election will be a key test of the authorities continued commitment to fiscal discipline. Ghana s economy was strengthened by a quarter century of relatively sound management, a competitive business environment, and sustained reductions in poverty levels, but in recent years has suffered the consequences of loose fiscal policy, high budget and current account deficits, and a depreciating currency. The budget was presented at a time the world economy was recovering from the food, energy and financial crises that had engulfed the globe in 20072008. Budget statement and economic policy to parliament on behalf of the president as required by the constitution of ghana. Cybercrime, an offence that is committed against individuals through the internet has bedeviled the global online industry. Infrastructural development for accelerated growth and. The 2018 budget statement and economic policy of the government of ghana is also available on the internet at. Fiscal deficit reduced significantly from the double digit of 14.

Budget budget is a projection of the income and expenditure from business activities of an institution in for a set time period. The year entails several events that define the progress of the country and its future. There is high risk of becoming a victim especially young internet user. The annual budget of the rural bank includes a statement of financial. The budget statement and economic policy of the government of ghana for the theme. Nutrition sensitivity of the 2014 budget statement of. While the proposed initiatives in the budget statement are aimed at stimulating growth, the 2011 gdp growth rate target of 12. Executive summary on 19 july 2018, ghana s minister for finance and economic planning the minister, mr. Even so, ghana remains heavily dependent on international financial and technical assistance and the domestic economy typically continues to revolve around agriculture, which accounts for about 43 percent of gdp and employs about 55 percent of the work force, mainly small landholders. Nov 18, 2010 the budget statement and economic policy for fiscal year 2011 1. Based on the projected revenues and expenditures up to the end of the 2011 fiscal year, the fiscal deficit for the year is expected to be gh. Our report isintended solelyfor university of ghana and the auditorgeneral and.