GhanaReview International - The Leading Ghanaian News Agency
London New York Accra
GRi Latest News
Thursday 27 October 2016


[N] 1,800 transfer votes to Asante-Akim South
[S] AC Milan crash at Genoa after win over leaders Juve
[N] 'Traders dance to the politics of choice'
[A] “Don’t be fooled…”as Samini advise musicians
[A] Mr Logic drops tribute song to Vybrant Faya
[A] No more secular music for me - OJ Blaq
[A] Reggie Rockstone & wife celebrates 14 years of marriage
[A] Meet Bill Grant, the corporate gospel musician
[N] Mahama: I'll create 3m jobs in my second term
[N] 15.8m on Ghana's voters' register - EC
[N] NPP to usher in Golden Age of rural development – Bawumia


[A] Some People Wish Me Dead – Musician O.J Blaq
[N] CID questions Rev Owusu Bempah over Akufo-Addo's assassination prediction
[N] We’ll deal decisively with election trouble makers – Interior Minister Source: h
[N] Parliament finally approves Oti Bless as deputy minister Source:
[N] There is widespread Sexual harassment of female MPs- Report Reveals
[N] Court to hear Ayariga's disqualifcation on Oct 31
[B] We are unhappy with market conditions – Market Women
[N] Mahama has failed sports – MP
[B] Oil and Gas sector: Parties make 28 promises
[N] Samira Mobilizes Fulanis For NPP
[N] NDC Chases Bawumia Combs Overseas Schools For ‘Apor’
[N] David Gold expects Andre Ayew to cameo against Chelsea
[N] Egypt name crack foreign-based squad to face Ghana
[S] Ofosu-Ayeh starts training this week
[S] Ghana goalkeeper Razak Brimah misses out on top award in Spain
[S] Ghana Premier League to start on 18 December
[N] Majid Michel slams pastors who only seek wealth and fame
[B] Ghana's third quarter earnings from crude exports decrease to $19.5 m
[N] Justice Dotse condemns attacks on Judges
[S] Michael Akuffo returns to Kotoko
[N] Dumsor: 'Frankly, money is a challenge' - Deputy minister confesses
[N] Mahama misleading voltarians – Akufo-Addo
[S] Kwesi Nyantakyi’s defamation suit against Songo
[N] Akufo-Addo’s massive crowd in V/R the most profound political report ever
[N] OccupyGhana lauds AG's action to retrieve GHC51m Woyome cash
[N] 2016 polls: Chiefs must be neutral — Akosa
[N] Ghana to enjoy visa free travel to China, 4 others
[N] Election 2016: NDC to campaign in Togo
[N] Govt implements accrual accounting ...
... go Back
General News

[ 2013-03-05 ]

Seth Terkper presents budget today
Finance and Economic Planning Minister Seth
Terkper will today, Tuesday, present the 2013
budget and economic policy statement of the
government to parliament.

The statement will review government's expenditure
and revenue generation in 2012 and the projections
for this year.

The budget is expected to give teeth various
policy initiatives outlined by President John
Mahama in his State of the Nation Address
delivered two weeks ago.

This year's budget will be the first to be read by
Mr Seth Terpker on behalf of President Mahama
after being appointed Minister of Finance and
Economic Planning.

It was to have been presented in November 2012, in
line with Article 179 of the constitution, but was
rescheduled because of the general elections held
in December 2012.

Although information on today's budget is sketchy,
indications are that the government will use it to
commit substantial resources into key priority
areas such as education, infrastructure, health,
job creation, private sector development and
social intervention mechanisms.

It is also expected to give an insight into
government's programmes that will help sustain
growth in the economy, stimulate growth in the
private sector, increase domestic revenue
generation and correct fiscal imbalances in the
system while providing a clearer picture of how
the government intends to manage the rising public
sector wage bill.

Already, public expectation of the budget is
divided, but the Executive Director of the Centre
for Policy Analysis (CEPA), Dr Joe Abbey says his
outfit would be looking out for a comprehensive
review of government's performance in 2012,
especially regarding the implementation of the
Single Spine Salary Structure, the dividends of
the payroll audit commissioned in 2011 and how the
government intended to manage the rising public
sector expenditure vis-a-vis revenue generation.

"I would also like to see how the government
intends to improve upon revenue generation while
reducing public sector expenditure," he added.

The reading of the budget normally starts with a
review of government's performance and the causes
thereof in the just-ended financial year. The
review is followed by forecasts for the year and
then concludes with sartorial outlooks and
resource allocations to the various sub-sectors
and ministries.

With the presentation of the 2013 budget coming on
the back of challenges in electricity generation
and water supply nationwide, indications are that
the Finance Minister will use the occasion to
commit some funds into the utility sub-sector as
part of a wider effort by government to improve
the livelihood of the populace.

The Western Corridor Gas Infrastructure Project,
which includes the commercialisation of the
country's gas resources in the Western Region, is
expected to receive keen attention as the
government attempts to drift from its traditional
dependence on hydro and thermal sources for power
to alternative ones, including natural gas.

Forecasts for key fiscal policies, such as
inflation, gross domestic product (GDP), budget
deficit and revenue mobilisation, will also
feature in the budget.

While the government is expected to announce new
and additional sources of income into the national
kitty, the business community expects it to cut
taxes in some areas to enable businesses to
compete and expand.

Source - Daily Graphic

... go Back

Add YOUR View here

Ghana Review International (GRi) is published by Micromedia Consultants Ltd. T/A MCL - a wholly Ghanaian owned news agency. GRi is an independent publication and is non-aligned to any political party or interest group, within or outside of Ghana. It is a reliable source of information for Ghanaians and non-Ghanaians alike. This magazine will be of interest to any person with an interest in Ghana, Ghanaians and Africans, wherever in the world they live. This website is the on-line arm of the publication. It contains news and reviews on Ghana and the international communities.

All pages are © Copyright Ghana Review International (GRi) 1994 - 2016