Mid-Year Budget Review And Matters Arising
The 2018 mid-year budget review will in doubt go down in history as one of the mid-year budgets that has generated much interest, controversy, suspense, discussion and anxiety from the public. The mid-year budget assessed the 2018 budget which was under the theme ‘‘putting Ghana back to work''. Having travelled six months into the one year budget cycle, Ghanaians can now judge whether Ghana is being put back to work or not. Undoubtedly, there have been some remarkable achievements. The fiscal deficit ebbed from 9.3 percent as at the end of 2016 to 5.9 percent and provisional GDP grew by 6.8 percent for the first quarter of 2018 compared to 6.7 percent for the same period last year. Inflation has declined from 11.8 percent in December 2017 to 10 percent in June 2018. Trade accounts recorded a surplus of $1.35 billion as against a surplus of $1.27 billion. The cedi appreciated by 2.6 percent against the Euro but depreciated by about 8 percent during the same period last year. On ...