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Ken Ofori-Atta Delivers One of Ghana's Most Anticipated Budget Statements

Friday, March 3, 2017

Ghana’s Finance Minister, Ken Ofori-Atta, presented the country’s 2017 budget statement to parliament on Thursday, March 2, 2017.

The much anticipated revenue and spending proposal, the first by the Akufo-Addo administration, is themed “Sowing The Seeds For Growth & Jobs.”

The 2017 budget highlights five key areas that constitute the basis for the new administration’s economic policy.  These include a review of 2016 fiscal year and proposed initiatives for 2017 and beyond.

With its daring tax reform details which include extensive cuts and total eliminations, the proposed budget statement has been hailed as a much-needed economic relief for ordinary Ghanaians and a potential driving force for private sector growth. But it has also been criticized by some as dangerous for the country's economic progress.

The proposal is expected to pass amid high expectation for policy implementation.

Filed by Antoinette Herrmann-Condobrey

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