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RADP / Pulse Nigeria  >  BI  >  Finance

Here is how much Finance Minister, Ken Ofori-Atta wants to spend $1.18billion in the supplementary budget

Magdalene Teiko Larnyoh

Ghana’s Finance Minister Ken Ofori-Atta has requested the Parliament to approve an amount of $1.18 billion (GHC6.7).

Finance Minister, Ken Ofori-Atta
Finance Minister, Ken Ofori-Atta

This amount is the shortfall in funds the government needs to execute its 2019 budget.

The Akufo-Addo-led government has been unable to raise its targeted domestic revenues.

READ ALSO: Bank of Ghana recorded over $146 million loss in 2018

The requested amount is therefore expected to help the government to complete its planned programmes and initiatives as contained in the 2019 financial year.

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The Finance Minister made this request ahead of his mid-year budget presentation to Parliament this morning .

Magdalene Teiko Larnyoh Magdalene Teiko Larnyoh A feminist at heart and a lover of art. She loves to write on business, politics and health.

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