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2017-02-17

[N] What The Hell! . . . We're Still Talking About 'Missing' State Vehicles? - Allot
[N] We've 'enough resources' for Free SHS - Ofori-Atta
[N] Three robbers arrested for using state protocol vehicle for criminal activities
[N] Bentil backs AU withdrawal from ICC
[N] Pastor sentenced to 20 years in jail for defiling girl, 13
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[N] Come clear on Free SHS funding - Minority to Akufo-Addo
[N] All ten regional ministers-designate approved by Parliament
[N] Ghana and Morocco sign 27 MOUs
[N] 15 cops storm NDC's Trobu Secretary’s home to seize
[N] Taxi runs into kiosk, kills woman, 73
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2017-02-16

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[N] I pulled out due to insults – E.T Mensah
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[N] Invite me or I’ll sue – Ablakwa to Ghartey’s committee
[N] Ghana spent $450,000 to transport troops to The Gambia - Dominic Nitiwul
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[N] KATH CEO enforced cash and carry policy at emergency ward
[N] No more Hajj challenges - IC Quaye
[N] First Lady cuts sod for hostel at Korle Bu
[N] Education Minister should be sacked - Teachers Union

2017-02-15

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[N] Norfund’s Arise acquires 27.7% of CAL Bank
[B] GRA closes down Packplus Limited for owing GH¢2.6m
[N] Free education is possible if we stop buying V8 - Samuel Atta-Mensah
[N] NDC propagandists fighting against my Council of State bid – E.T Mensah
[N] 21 drug pushers arrested at Tema
[N] Agyarko didn't bribe anybody, they're only spoiling his name - Allotey Jacobs
[N] Akufo-Addo can't fulfil any of his promises; he has only 4 years – Anyidoho
[N] Sammy Awuku grabs chieftaincy title
[N] We have found at last an African solution to an African problem – Ablakwa
[N] Unibank Staff robbed at gun point
[N] Sunyani chiefs ‘forgive’ Brong Ahafo regional minister-designate
[N] Free SHS: NDC pretended the NPP was speaking Chinese - Kweku Baako
[N] You will be sacked if students fail BECE, WASSCE - Education Minister warns scho
[N] KTI Report: Armed policemen stormed girls dormitories with torchlight
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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



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