Mid-year budget review : Government makes 7 ambitious promises

The 2020 mid-year budget review has been presented to Parliament on Thursday, July 23, 2020 by Finance Minister, Ken Ofori Atta with a list of promises set to be rolled out in the next six months.

Among some of the promises were a reduction in Communication Service Tax (CST) from 9% to 5%, free water and electricity for lifeline consumers for 3 months, among other things.

Below is a list of the promises meant to be rolled out in the next 6 months:–

1.Reduce CST from 9% to 5%

1. Establish a GH¢2 billion Guarantee Facility to support all sectors of
   business and job retention

1. Establish an Unemployment Insurance Scheme

2. Create a GH¢100 Fund for Labour and Faith-based organisations for
   retraining and skills development

3. Increase the CapBuss Programme by GH¢150 million to, among others,
   facilitate credit of GH¢50 million to support the Creative Arts, the Media
   and the Conference of Independent Universities.

4. Retain provision of free water for the next three months

7.Retain free electricity for all life-line customers for the rest of the year

-abcnews