Business News of Thursday, 28 November 2019Source: Myjoyonline.comInitiatives to enhance access to business finance: The Central Point of the 2020 BudgetInflationary pressures exist due to recent tariff hikes and ex-pump price hikesBackgroundThe 2020 budget of the government which was presented to Parliament by the Finance Minister, Hon. For the first 9 months of 2019, tax to GDP ratio stood at 10.2 per cent. • Enhance Financial Support to Local Enterprise: Government is expected to deploy initiatives to enhance the access of businesses to finance, including medium to long term capital. We believe this is the central point of the 2020 budget as far as policy intervention is concerned. Concluding ThoughtsThe 67.1 billion revenue target is an ambitious projection and may not be realized looking at the current performance and revenue measures of government.

Source: GhanaWeb November 28, 2019 08:48 UTC