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Thursday 23 October 2014


[I] Soldier shot dead in suspected terror attack at Canadian parliament
[I] Minicab passengers ask for white drivers after grooming scandal
[S] Greece-based Abdul Aziz Tetteh claims Evian TG interest
[S] Liberty Professionals coach George Lamptey exasperated by Ghana Premier League delay
[S] Fatau Dauda to play for first match for AshGold against King Faisal on Sunday
[A] Rejoinder: I did not say I was going into gospel music – Mzbel
[B] Telcos to lose $14bn to OTT Apps this year but…
[B] Economist, govt, shred Afrobarometer report
[B] Domestic Airline operators bare teeth at Ghana Airport Company
[N] Daily Graphic Boss Bans Asamoah Gyan’s name and pictures from state-owned newspapers
[N] Ayawaso Wuogon MP commends Oko Vanderpuije
[N] Allotey Jacobs: NDC will use tricks to win Election 2016


[A] Mafikizolo to consider working with “dope” Sarkodie
[N] Police beg ‘Gay Doc’: ‘Don’t kill yourself; we want to help you’
[N] Mahama moving Ghana in the wrong direction – Report
[B] GUBA Expo 2014 explodes in London next month
[B] IMF can't solve Ghana's challenges -- Stanchart head of research
[A] Yvonne Chaka Chaka to celebrate Kojo Antwi
[N] Gay doctor begs for forgiveness
[S] Rashid Sumaila: On-loan Sundowns defender reveals Hearts nearly beat Kotoko to sign him two weeks ag
[A] Mzbel, the 'Awoso me' star
[N] 50 houses to go down at Kasoa to make way for new road
[A] Mzbel – “I have never said I am going into Gospel music”
[N] UK deports 25 Ghanaians
[N] Homosexual doctor confesses having anal sex with 16-yr-old SHS student  
[N] NDC scraps controversial clause from constitution
[N] Blackouts will reduce soon -- says GRIDCo boss
[N] Akufo-Addo to confirm Bawumia as running mate tomorrow
[N] Alan: I’m open to play any role in NPP including being running mate
[N] Labour strike “unlawful, amazing & disrespectful” – Gov’t
[A] Lord Kenya celebrates four years with the Lord


[N] Ghana’s Envoy in Japan recalled over illegal gambling
[N] Labour confirm strike tomorrow
[N] Korle Bu apologizes to indicted persons in audit report
[B] IMF questions Ghana over growth rate figures
[N] Alan’s campaign is sloppiest campaign ever organised – Kwesi Pratt
[S] Frank Acheampong: PSG join AS Roma in race to sign Ghana youth winger
[B] Ghana gas to flow next week
[N] Wenchi Municipal Assembly blows GH₵38,000 on funerals;GH₵48m common funds missing
[B] Audit report orders 3 top ex-Korle-Bu officials to refund GH¢966,000
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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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