Mid-year budget should prioritise revenue growth after tax shortfalls — Prof. Quartey

Professor Peter Quartey has called on the Finance Minister, Dr Cassiel Ato Forson, to prioritize revenue growth in the upcoming Mid-Year Budget Review following disappointing tax shortfalls in the first quarter of the year. The former Director of the Institute of Statistical, Social and Economic Research (ISSER) emphasized the need for concrete measures to improve domestic revenue mobilization. This development is significant as it highlights the importance of effective budgeting in Ghana's economic growth.

Professor Peter Quartey has urged the Finance Minister, Dr Cassiel Ato Forson, to prioritize revenue growth in the upcoming Mid-Year Budget Review following weaker-than-expected tax collections in the first quarter of the year. This call for action is crucial as it underscores the need for effective budgeting in Ghana's economic growth. The Finance Minister must now consider Professor Quartey's recommendations and outline concrete measures to improve domestic revenue mobilization.

The Institute of Statistical, Social and Economic Research (ISSER) has been a prominent voice on economic issues in Ghana. As a former Director, Professor Peter Quartey brings significant expertise to the table. The Mid-Year Budget Review is an opportunity for the Finance Minister to reassess the country's financial situation and make necessary adjustments. In this context, Professor Quartey's call for prioritizing revenue growth is timely.

The weaker-than-expected tax collections in the first quarter of the year are a cause for concern. This development highlights the need for effective budgeting and revenue mobilization. By prioritizing revenue growth, the Finance Minister can help address this issue and ensure that Ghana's economy continues to grow. However, it remains to be seen how the Finance Minister will respond to Professor Quartey's recommendations.

The outcome of this matter has not yet been reported. However, it is clear that Professor Peter Quartey's call for prioritizing revenue growth in the Mid-Year Budget Review is a significant development. Practitioners should closely follow this issue and be prepared to adapt their strategies accordingly.