The Minister of Finance, Ken Ofori-Atta, is expected to present the mid-year budget review to Parliament tomorrow July 13, 2022.
According to the Majority Leader, it is possible that the Minister will table a request for the approval of supplementary estimates.
The presentation comes as Ghana heads back to the International Monetary Fund for a bailout.
Indications are that government’s latest revenue generation strategy, the electronic transfer levy, E-levy is woefully failing to meet government’s targets.
Though the government has not officially indicated how much the levy has accrued after two months, suggestions are that government is raking in only 10% of the estimated revenue.
Government is believed to have been targeting revenue of 600 million Ghana cedis from the 1.5 percent levy on electronic financial transactions.
Its revenue target for 2022 from the levy is 4.5 billion Ghana cedis.
