{"id":11003,"date":"2021-11-16T20:54:30","date_gmt":"2021-11-16T20:54:30","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghana-to-present-2022-budget"},"modified":"2021-11-17T06:45:50","modified_gmt":"2021-11-17T06:45:50","slug":"ghana-to-present-2022-budget","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-to-present-2022-budget","title":{"rendered":"Ghana to present 2022 budget"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Ghanaian Finance Minister Ken Ofori-Atta will today present the budget for 2022. Atta will deliver his announcement prior to the sitting of the parliament and specify the sectors in which the government will allocate funds in 2022. Although Ghana\u2019s economy grew by roughly 4% after contracting significantly over the course of the pandemic, the country\u2019s high budget deficit\u2014which stems from exits of foreign investors\u2014has caused alarm among government officials.<\/p>\n

Although much of Ghana\u2019s economy is comprised of small- to medium-sized enterprises in the agricultural and manufacturing sectors, the government will likely refrain from endowing large funds on micro-enterprises. This is largely because such enterprises struggle to stay in business over time.<\/p>\n

Expect Accra to prioritize large Ghanaian businesses such as petroleum firms to foster job growth. Such an act would be aimed at lowering the nation\u2019s high unemployment rate over the medium-term. In addition, Accra is prepared to make reforms to liberalize the national economy to boost the confidence of foreign investors. As such, Ghana will likely ease tariffs on commerce, fostering private sector growth. However, this transition will likely not eliminate Accra\u2019s deficit problems propelling it to take out a loan from the IMF during the long-term. Wake up smarter with an assessment of the stories that will make headlines in the next 24 hours. Download The Daily Brief.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Ghanaian Finance Minister Ken Ofori-Atta will today present the budget for 2022. Atta will deliver his announcement prior to the sitting of the parliament and specify the sectors in which the government will allocate funds in 2022. 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