The Minister for Finance, Hon. Ken Ofori-Atta, will on behalf of His Excellency the President, present the 2017 Budget Statement and Economic Policy to Parliament on Thursday, 2nd March, 2017 at 11am.
The 2017 Budget is expected to focus on stimulating growth and job creation through private sector development. It will aim at getting Ghana working again.
The Budget will include measures to restore fiscal discipline and good economic governance, transparent and accountable use of public resources in accordance with the new Public Financial management law and to provide a credible basis for economic policy clarity going forward.
A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from February 6-10, 2017 to take stock of the 2016 economic developments and the outlook for 2017, engage in a dialogue about the new government’s economic plans, and discuss prospects for program engagement with the IMF.
Mr. Toujas-Bernaté released the following statement at the end of the visit:
“Ghana’s economy continues to face challenges. While the estimated economic growth of 3.6% in 2016 exceeded our target of 3.3%, the decline in inflation has been slower than expected. The current account deficit narrowed to 6 ½ percent of GDP, contributing to a small buildup of foreign exchange reserves.