Finance minister, Ken Ofori Attah, is presenting his first and crucial budget for the 2017 fiscal year.
The budget is expected to give detail into government expenditure and revenue generation plan for the year.
The erstwhile Mahama administration was riddled with bouts of high taxes - a development which saw the rise in pricing of goods of services. President Nana Addo has assured Ghanaians of a marginal reduction in taxes which will include lowering corporate taxes and other levies.
The minister thus revealed plans to revive Ghana's ailing economy in his first address.
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