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Full text: 2022 mid-year budget review statement

According to the Finance Minister, Ken Ofori-Atta, in the 2022 mid-year budget review, the overall real gross domestic product (GDP) for 2021 increased significantly by 5.4 percent, compared to 0.5 percent recorded in 2020 and the revised 2021 annual objective of 5.1 percent.

At the time of presenting the 2022 Budget in November of last year, we provided information on macroeconomic developments for the first nine months of the 2021 fiscal year, he said, presenting the budget in Parliament on Monday, July 25.

“We now have received updated information through to the end of December 2021,” he said.

“Overall Real GDP for 2021 grew strongly by 5.4 percent compared to 0.5 percent recorded in 2020 and the revised 2021 annual target of 5.1 percent.”

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