Ofori-Atta seeks approval from Parliament to spend additional GH₵6.3bn

The Finance Minister, Ken Ofori-Atta is seeking the approval of Parliament to enable him expend an additional GH₵6,370,925.82 for the second half of the 2019 Financial Year.

This was captured  in today’s Order Paper(daily publication which lists the business of Parliament for the day’s sitting) where the Finance Minister is expected to move for the Motion for the approval of the said amount as Supplementary Estimate of the Government of Ghana for the year under review.

In November 2018, the Finance Minister requested Parliament’s approval for the government to spend a total of GH₵73.4billion in 2019.

The total expenditure estimate, which is inclusive of clearance of arrears is equivalent to 21.3% of total economic output measured by Gross Domestic Product (GDP).

The 2019 estimate as presented was 27% higher than what was projected for 2018.

Should Mr. Ofori-Atta’s request be granted, it means he will be spending about GH₵80billion for the 2019 Financial Year, about GH₵17.7billion higher than the previous year.

It is not clear which sectors the Finance Minister will be spending the Supplementary Budget Estimates on.

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