Sowing the seeds for growth & jobs
Ghana 2017 budget commentary and tax highlights
Provisional data on the performance of the economy in 2016 show that except for the targets for the Gross Foreign Assets and the Current Account Deficit, all the programmed macroeconomic targets were missed.
Ghana's Minister for Finance, Ken Ofori-Atta, presented the 2017 budget statement and economic policy to Parliament on Thursday, 2 March, 2017. The Government emphasized its intention to boost production through tax reductions while also improving revenue streams by various tax administration initiatives.
The tax proposals are however subject to parliamentary approval and subsequent amendment/enactment of legislation to become effective.
In this publication, we provide a snapshot of the 2016 macroeconomic performance presented by the Minister and commentary on key policy initiatives for 2017 and beyond. We also highlight the main tax proposals of the 2017 budget statement.