Guidelines for the Presentation of the 2022 to 2025 Budget Statement

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Ken Ofori-Atta
Ken Ofori-Atta

In accordance with Article 179 (1) of the 1992 Constitution, Section 20 of the Public Financial Management Act, 2016 (Act 921) and Section 122 of the Local Governance Act, 2016 (Act 936), the Budget Preparation Guidelines is issued to facilitate the preparation of the 2022-2025 Budget by Ministries, Departments and Agencies (MDAs) as well as Metropolitan, Municipal and District Assemblies (MMDAs).

The Guidelines provides the policy direction of government, instructions on the processes and procedures as well as budget expenditure ceilings to guide MDAs and MMDAs towards the preparation of the 2022-2025 Budget.

Principal Account Holders, Principal Spending Officers and members of Budget Committees are to ensure strict compliance with the Guidelines.

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Focus of 2022 Budget

Government of Ghana recognises the need to be at the forefront to promote the building blocks for an inclusive and sustainable recovery post COVID-19. Hence, the focus for the 2022 budget and the medium term is to create opportunities and provide solutions towards achieving sustainable and broad-based economic growth without harming the climate or leaving families in poverty. Government, therefore, will focus on revitalising and transforming the economy.

The approach is to catalyse the private sector in targeted areas to fast-track industrialisation, competitive import substitution, digitalisation, export expansion and the creation of decent jobs, particularly for the youth.

In addition, other priority areas for 2022 and the medium term will include:

1. Supporting the health sector and expanding social safety nets

2. COVID-19 containment measures

3. Developing our infrastructure, with priority focus on roads, railway, water and sanitation, hospitals and housing.

4. Diversifying productivity and high-value services.

5. Implementing bold reforms to increase revenue mobilisation and the efficiency of public expenditures.

6. Deepening structural reforms to make the machinery of Government work better for the people; and

7. Rolling out digital technologies to improve service delivery.

Find attached, the full guidelines for the 2022 to 2025 Budget Statement and Economic Policy.

SOURCE: Coverghana.com.gh

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