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Tuesday 21 October 2014


[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
[N] Kukurudu’ chanting Minister invokes Antoa
[N] NPP disbands splinter groups
[N] Agreement reached on Rawlings’ book
[I] Paralysed man walks again: ‘It’s incredible — like being reborn’
[N] Blame Kufuor fFor Alan's 'woeful' defeat - Ben Ephson
[A] Protracted Kumawu chieftaincy row festers
[N] Ghana’s misuse of funds halting donor support – EU
[A] Shatta Wale seeks out-of-court settlement in GH¢10m suit
[N] Martin Amidu, Manasseh Azure Awuni, Anas to be awarded for fighting corruption
[N] Aykoi Otoo: NPP should be concerned about delegates recording spoilt ballots
[N] We have the dossier to retire Akufo-Addo in 2016 – Okudzeto Ablakwa


[N] More power from Akosombo, Bui to ease load shedding
[S] Lagos to host 2014 Glo-CAF Awards in January
[S] Michel Pont favourite to land Black Stars job after interview with GFA
[N] 2% fuel price reduction an “insult”– ACEP
[B] Fuel prices reduced by 2%
[B] Public wage bill drops from 73% to 57% - Mahama
[N] I will fully support Akufo-Addo for 2016: Kufuor
[N] Dissolve NPP if wobbly NDC wins 2016 elections – Amoako-Baah
[N] Kufuor to meet with Nana Addo, party executives to discuss future of party
[N] I'm disappointed with Alan’s poor performance - Ohene Ntow
[B] Edward Effah is CIMG’s Marketing Man
[B] ‘Fuel prices will not be reduced’
[N] NPP cries over high rejected ballots
[N] Akufo-Addo to NPP: 'I’ll justify your confidence in me'
[S] I haven’t decided we host AFCON 2015; I don’t want Ebola in Ghana – Mahama
[N] President Mahama admits: Systems are weak in Ghana
[N] Starbow wins CIMG airline of the year


[S] Ghana kicked out of 2014 AWC despite 1-0 win over Cameroon
[N] Akufo-Addo rallies all and sundry to kick out "incompetent" Mahama
[B] CIMG Awards Individuals And Organisations
... 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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