ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

Mid-year budget will rebuild domestic confidence- Prof Khalid

Thu, Jul 24 2025 1:29 PM
in Ghana General News, News
mid year budget will rebuild domestic confidence prof khalid
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT

Mid-year budget will rebuild domestic confidence- Prof Khalid

Professor Sharif Mahmud Khalid, Economic Advisor at the Office of the Vice President, says he is confident that the upcoming Mid-Year Budget Review will serve as a catalyst to restore domestic confidence and revitalise Ghana’s economy.

Speaking on JoyNews’ Super Morning Show on Monday, Prof. Khalid underscored the importance of the supplementary budget in rebuilding investor trust locally.

“Domestic confidence — that’s where I see the supplementary budget playing a big role. It’s about helping Ghanaians feel secure enough to invest again in the local market,” he explained.

Since the main budget was read in March, Prof. Khalid said government’s focus has been on establishing financial stability and cooling the overheated economy it inherited from the previous administration.

“We’ve been operating within a tight spending envelope. The March budget was aimed at restoring macroeconomic stability and managing the excesses we inherited.”

He noted that key indicators such as the exchange rate and fiscal discipline have shown marked improvement.

“The cedi has stabilised significantly. Internal controls have been tightened, and government spending is being capped to create the financial space needed to implement strategic programmes.”

Prof. Khalid also reminded the public of the economic challenges inherited by the current government — including disruptions to pension funds and other blue-chip investments during the domestic debt exchange programme.

ReadAbout

Ghana celebrates 100-year-old WWII veteran Joseph Ashitey Hammond

This Saturday on Newsfile: AG drops charges in uniBank trial, Aud-General’s report, and Mid-Year Budget Review

Parliament passes Road Maintenance Trust Fund Bill

“We must remember the context. Pensions and other key investments were affected, but those tough decisions helped stabilise the economy.”

He highlighted the government’s approach as a balancing act — pursuing transformational projects while ensuring financial discipline.

“We’re pushing big-ticket initiatives like the Women’s Development Bank and the 24-Hour Economy, but we’re doing so carefully, making sure the economy cools before we try to turn the corner.”

Warning of the risks of overheating, he added:

“If the economy remains overheated, we can’t make the structural changes we aim for. This review is about showing what’s been done since March to stabilise things.”

On the broader outlook, Prof. Khalid said Ghana is still in a period of economic stabilisation, but with encouraging signs.

“We haven’t exited the stability phase yet, but central bank reserves are strong, which is a good sign.”

One of the notable achievements so far, he noted, is the establishment of a functional Gold Board — fulfilling a major campaign promise.

“The Gold Board now has a fully constituted board and a legislative mandate. In the past, gold programmes were inconsistent. Now, we have structure, sustainability, and legal backing, which boosts both local and international investor confidence.”

He shared that international investors, including officials from the International Finance Corporation (IFC), are increasingly optimistic about Ghana’s prospects.

“I recently spoke with an IFC official at the Bank of Ghana. We agreed investor confidence has returned. What we now need to build is strong domestic confidence.”

He concluded by underscoring the crucial role the supplementary budget will play in strengthening Ghana’s economic recovery and boosting local investor trust.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Ghana celebrates 100-year-old WWII veteran Joseph Ashitey Hammond

Ghana celebrates 100-year-old WWII veteran Joseph Ashitey Hammond

0
Measures announced in Mid-Year Budget Review fully in line with programme objectives – IMF

Measures announced in Mid-Year Budget Review fully in line with programme objectives – IMF

0

This Saturday on Newsfile: AG drops charges in uniBank trial, Aud-General’s report, and Mid-Year Budget Review

Parliament passes Road Maintenance Trust Fund Bill

Heavy security deployed at Manhyia Palace following Asawase shootings

Kumawu MP Ernest Anim urges Parliament to act on crisis in Ghana’s prisons

Kumawu MP decries ‘Inhumane’ feeding rate in Ghana’s prisons

Mahama appeals for calm in Nkwanta, condemns recent killings

Ghana Career and Migration Fair 2025 launched to prepare youth for the future of work

Mfantsiman Old Girls’ Association to old National Health Walk on August 2

  • Dr. Musah Abdulai: If the Chief Justice returns: Will it lead to reset, redemption, or rupture?

    Dr. Musah Abdulai: If the Chief Justice returns: Will it lead to reset, redemption, or rupture?

    0 shares
    Share 0 Tweet 0
  • OSP declares former Finance Ministry Advisor wanted over SML corruption probe

    0 shares
    Share 0 Tweet 0
  • Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • Ken Ofori-Atta’s extradition: FBI clears first major hurdle – No witch-hunt

    0 shares
    Share 0 Tweet 0
  • I resigned because of Prez. Mahama, NDC – former GBA President

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.