GhanaReview International - The Leading Ghanaian News Agency
London New York Accra
GRi Latest News
Saturday 28 February 2015

2015-02-20

[A] London Police caution KKD brother for threatening lady
[N] Mahama Blames Dumsor On TV Sets
[N] Surprise wins for second tier sides in Elite Cup first leg results
[S] Full fixtures, Venues for MTN FA Cup Round of 64
[S] GFA Ethics Committee submits decision on Match-fixing allegations
[N] Kumasi residents say 'irrelevant' unit Committee system must be scrapped
[N] BoG might be forced to appoint new directors for HFC bank
[N] Power Minister must apologize to NPP – Sir John
[N] Dumsor has adverse psychological effects – Psychologist
[A] Muslims go on demo today over discrimination
[N] NDC summons Power Minister over ‘dumsor’
[N] Who The Hell Is Sam George? I'll Descend On Him So Bad.....Vows Koku As He Re-ignites Spat With NDC
[B] Databank, GTBank successfully launch partner locations
[N] 'Ghanaians don’t take me seriously' – Kofi Wayo
[N] ‘Dumsor’ can’t be solved completely – Anyidoho  
[N] I’m motivated by NPP’s demo to solve ‘dumsor’ - Mahama  
[S] Analysis: Conflict of interest in new GN Bank Div. One deal?

2015-02-19

[N] Ghana to issue bond with credit guarantee from WB
[N] Unpunished thievery will cripple economy – Bagbin
[N] ARP Apex Bank staff call for MD's resignation; want 22% pay rise
[N] Cash And Carry Returns To Volta
[N] Kintampo NDC Issues Ultimatum To President
[N] ‘Dumsor’ can cost NDC 2016 elections – Anyidoho
[N] KOD Pops Up In KKD Rape Saga
[N] Jilted lover kills ex-girl friend, 4 kids with poisoned gari
[B] Government adds GH₵10bn to public debt in 4months
[S] Kotoko closing in on David Duncan's appointment, set to offer him two year contract
[S] Departing Kotoko coach Dramani in line for Local Black Stars job -report
[S] Mas-Ud Dramani wants amicable settlement of the remainder of Kotoko contract
[S] GFA President meets Division One League Clubs ahead of new season
[S] GN Bank signs GHC2.1M Sponsorship package for Division One League
[N] Afriwave ICH contract could compromise call, data privacy – MFWA warns
[N] UCC shocked over aspiring SRC Prez's leaked nude videos
[N] Akufo-Addo, NPP “bereft” of solutions for power crisis says NDC
[N] NDC accuses Osafo Marfo of “primitive tribal bigotry”
[N] ‘Wontumi’ Goes Wild As Second Demo Is Postponed In Ashanti Region
[N] Alan Kyeremateng Joins "Won Gbo" Demonstrators
[N] Baba Kamara Isn't Fit To Be National Security Advisor - Kweku Baako
[I] Nigeria army ‘kills 300 Boko Haram fighters’
[N] It’s ‘Stupid’ To Ask NPP For Alternatives To End ‘Dumsor’ – Ken Agyapong
... 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 - 2014