Deputy Finance Minister explains decision to postpone mid-year budget review

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A Deputy Finance Minister, Abena Osei Asare, has explained the decision to postpone the 2022 mid-year budget review presentation by the Minister, Ken Ofori-Atta.

The presentation was scheduled to take place on Wednesday, July 13 but has had to be pushed forward due to the arrival of the team from the International Monetary Fund (IMF) for the initial discussions on the possibility of Ghana getting a programme from the Fund, Madam Osei Asare said.

Speaking in interview with journalists in Parliament on Tuesday July 12, she explained that the law has stipulated July 31 for the mid year budget presentation to be done therefore, the government, despite the postponement, is still within time.

She said “This first mission is more of data collection and so, that is exactly what they are doing. Like I said, with data collection, you need to give them every thing that they are requesting for so we need that time and space to attend to them.

“Just like you are doing an audit, you need to attend to whatever it is that they are asking for. Once you do that and it is completed we will come to Parliament and also submit the mid year.

“This is something we have been doing every time. We scheduled the date for 13th before the announcement of the engagement with the IMF.

“So clearly, as humans as we are, we should all understand that in this data-finding mission of the IMF, we need that space and time to address that and give them. Once we are done, 25th we will come to Parliament and do the mid-year budget review, you should all know that per the PMF law we have up until 31st July to do that so we are still within the law and the time.”

By Laud Nartey|3news.com|Ghana

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