The 2023 mid-year budget review will be presented by the Minister of Finance, Ken Ofori-Atta, in Parliament on Monday, July 31, 2023.

Initially scheduled for July 27, 2023, the presentation encountered changes, first being rescheduled to July 25, 2023, and subsequently canceled.

The Finance Ministry, in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921), announced that the Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy for the 2023 Financial Year of the Government of Ghana will now take place on July 31, 2023.

This budget review will provide crucial updates on the implementation of the 2023 Budget, offering insights into the economic and fiscal performance during the first half of the year.

It will focus on policies aimed at stabilizing the economy, promoting growth, and providing social protection for vulnerable groups, following the guidelines of the IMF-supported Post COVID-19 Programme for Economic Growth (PC-PEG).

Key issues to be highlighted during the presentation, according to the Finance Ministry, include structural reforms in expenditure commitment control and arrears clearance, debt management, financial stability, and the pursuit of a growth agenda.

Following standard practice, the government will engage in Post-Budget Engagements to elucidate various policy choices to the public, as stated by the Ministry of Finance.

Several Members of Parliament (MPs), in an interview with the media, shared their expectations for the mid-year budget review.

They expressed hopes for the government to reduce taxes, consolidate various taxes, and allocate more funds to the educational sector and the school feeding program.

Additionally, MPs voiced concern over the high unemployment rate among young people and the shortage of fertilizers in the country. MP Richard Kwami Sefe from Anlo particularly emphasized that the fertilizer shortage is adversely affecting farming activities in his constituency, leading to increased fertilizer costs and hindering farmers' profitability. He appealed for government intervention to address the situation.

MP Paul Twum Barimah of Dormaa East echoed the sentiment that the economy is already burdened and hoped that the mid-year budget review would not introduce new taxes. Instead, he urged the government to focus on reducing taxes to better manage the nation's economic situation, considering the challenges faced by Ghanaians.