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2023 Budget: All The Details


The Finance Minister, Ken Ofori-Atta presented the 2023 budget in Parliament on Thursday.

In the budget, he among other things announced a 2.5% rise in VAT from next year and the reduction in the e-levy rate from 1.5% to 1%.

Also, he announced Government has reached agreed programme objectives with the International Monterey Fund (IMF) for a bailout in addition to a ban on employment for civil servants effective January 2023.

Again, the Finance Minister, Ken Ofori Atta, announced the ban on the use of V8 and V6 vehicles by government officials effective January 2023.

“A ban on the use of V8s/V6s or its equivalent except for cross-country travel. All government vehicles would be registered with GV green number plates from January 2023,” he said.

“Limited budgetary allocation for the purchase of vehicles. For the avoidance of doubt, the purchase of new vehicles shall be restricted to locally assembled vehicles; Only essential official foreign travel across government including SOEs shall be allowed. No official foreign travel shall be allowed for board members. Accordingly, all government institutions should submit a travel plan for the year 2023 by mid-December of all expected travels to the Chief of Staff.”

Read the full budget below: 


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