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Tuesday 27 September 2016


[B] GNPC,PURC to work on refinancing Sankofa field loans
[N] GHIB to expand operations to East Africa
[B] Dirty diesel kills thousands of Ghanaians yearly – ACEP
[N] Prez Mahama Is Intolerant . . . Detaining Fadi Proves He's A "Dictator" - Mike O
[N] I Killed My Two Sisters - 'Sakawa Boy' Nana Wan Confesses In Church?
[N] Daboussi was not arrested over his book – Lawyer
[N] Fire officer charged for rape in penis bite case
[N] Ghanaian petitions US gov’t over ECG privatization
[N] We’ll renegotiate agreements with multinationals mining in Ghana to pay more – C
[N] Two die in Koforidua after downpour
[N] BNI releases Fadi Daboussi
[N] GHS, GES begin school deworming programme
[N] President Mahama arrives in Paris for UNESCO meeting
[I] Syria conflict: US and UK speeches 'unacceptable' - Russia
[N] Prez Mahama moves to France for SDG advocacy
[N] BRT's 'Ayalolo' buses starts pilot operations
[N] Woman dies after snake bites her vagina


[N] Two female contestants vow to wrest parliamentary seats
[N] Chief warns ‘irresponsible men’ against impregnating girls below 13yrs
[N] Koforidua: Woman in a taxicab drowns during flood
[N] Vote massively for ‘competent’ Mahama for solving dumsor – Bagbin
[B] Sankofa gas project receives US$700m World Bank guarantee


[N] It’s clear Ghanaians want change — Akufo-Addo
[N] Baako produces document to dismiss Fifi Kwetey 'deception' on $750m loan
[N] BNI detains man for alleged offensive comment against Mahama
[N] IGP interacts with Ga Traditional Council
[N] Tema Police receive 15 motor- cycles from Chinese association
[N] Two arrested for raping woman after robbing her in Bolga


[N] Fetish priest, man drown during ritual cleansing
[N] No oil cash; no vote – Saltpond residents
[N] Danger! Desperate for potable water
[N] Save Ghana from Mahama, secure your future -Nana Addo
[N] There is nothing wrong if Mahama shares money - Ade Coker
[N] ‘Short people need to be carried to see Mahama’s achievement’ –Veep teases
[N] NDC’s ‘Setting the Records Straight’ is height of propaganda – NPP Communicator
[N] Africa Rising: Isaac Simpson becomes youngest CFA Charterholder in Ghana
[N] Aveyime Rice Project dead; Over 500 workers sent home without pay
[N] I killed girl, 7 and had sex with body -- Man, 22, confesses
[N] Spiritualist demands five-legged fowl for rituals
[N] Confusion mars Western Regional House of Chiefs’ elections
... 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

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