Ghana’s Minister of Finance, Hon. Ken Ofori-Atta, presented the 2019 budget statement and economic policy to Parliament on Thursday 15 November, 2018. The 2019 budget statement and economic policy is under the theme “A Stronger Economy for Jobs and Prosperity”. Accordingly, the budget is centered on accelerating government’s programme of growing the economy, protecting the vulnerable, and creating jobs and prosperity for the Ghanaian people over the next financial year.
The budget statement also includes a number of tax policy proposals focused on enhancing domestic revenue mobilization. Where legislative enactments are required, the proposals are expected to be submitted to Parliament for approval and subsequent amendment/enactment of legislations to make them effective.
In this publication, we provide commentary on the key policy initiatives for 2019 and highlights of the main tax proposals in the budget statement and economic policy.