In a bid to consolidate the Ghanaian economy’s path to macroeconomic stability and to boost the productive sectors of the economy, the 2018 Budget Statement (“the Budget”) of Government of Ghana has the theme “from stabilisation to growth: putting Ghana back to work again”. This is anchored on the medium term development programme aimed at providing opportunities for growth and job creation.
The Akufo-Addo Government’s maiden budget in March 2017 highlighted a number of bold policy initiatives designed to restore macroeconomic stability, tackle structural rigidities in the budget, boost productivity through abolishing “nuisance taxes” while plugging revenue leakages and reducing import exemptions, tightening expenditure controls to minimise inefficiencies, and reducing the incidence of poverty through job creation.
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