Jump to navigation

Vol 62 No 24

Published 2nd December 2021


Bonds and budget blockers

As opposition lawmakers initially block the budget, the finance ministry and central bank face new economic headwinds

Faced by a powerful opposition party, Finance Minister Ken Ofori-Atta's 2022 budget statement, presented on 17 November to Parliament, was always unlikely to have an easy passage. And so it has proved. The budget's plans for a 1.75% levy on electronic transactions, originally scheduled to become effective on 1 January and projected to raise close to 7 billion cedi that could fund key initiatives including road projects, was the main reason given by the opposition National Democratic Congress (NDC) for refusing to approve the budget on 26 November.

End of preview - This article contains approximately 1863 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.