The government, led by President Nana Addo Dankwa Akufo-Addo did not request extra funds with the 2022 mid-year budget.
Despite reduced revenues and the public outcry of hard economic hardship in the system, Mr Ken Ofori-Atta, the Minister for Finance said the government was committed to staying within the appropriation for 2022.
“We are determined to efficiently use the windfall from the upstream Petroleum Sector to make up for our revenue shortfall and aggressively improve our revenues even as we rationalise expenditures,” Mr Ofori-Atta said.
“Mr Speaker, there have been some major shifts in our budget assumptions when compared to November 2021, when the full budget was presented.
The government had earlier indicated that it would be cutting down expenditures to align revenue targets.
The government earmarked GH¢145.4 billion to meet government expenditure for the 2022 fiscal year from the Consolidated Fund and other public funds.