KPMG In Ghana: Highlights of the 2020 Mid-Year Budget Review

07-08-2020

KPMG In Ghana: Highlights of the 2020 Mid-Year Budget Review

We are pleased to share the Highlights of the 2020 Mid-Year Budget Review (and Supplementary Estimates of the Government of Ghana for the 2020 Financial Year) prepared by our Premium Member KPMG with you.

It captures the Ghana macro context as:

  • Macroeconomic performance as at June 2020 indicates that the economy has succumbed to the impact of the COVID-19 pandemic. The pandemic has severely impacted fiscal gains made in 2019, which reflected in the improvement of the country’s GDP.
  • As indicated by the Minister of Finance, Mr. Ken Ofori-Atta, the months ahead will require clear cut measures to alleviate the impact of the pandemic and revitalise the economy through a set of multi-faceted approaches and interventions to bring back the economy to pre-COVID-19 levels. This is expected to travel beyond the current fiscal period into the medium term.

Kindly take a read (click here) and send all queries to KPMG’s  aakoto@kpmg.com

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