Ghana is willing to revise 2016 Budget if need be, Finance Minister says

ACCRA, Ghana, Capital Markets in Africa — Ghana is reviewing its budget for 2016 and is ready to revise it if necessary, Minister of Finance Seth Terkper said.

The government is monitoring oil prices and will go to Parliament with revisions if prices continue to plunge, he told reporters in Accra, the capital, on Tuesday. There is “strong political will” backing fiscal consolidation, he said.

“We are weighing options and scenarios and may go to cabinet and parliament to revise the budget if need be,” he said. “We don’t want to rush. If prices go further down we will then go to Parliament to revise the budget.”

To read the Minister’s full press briefing, click download.