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Tag Archives: budget

The missing link in 2018 Budget [Article]

The New Patroitic Party (NPP) 2018 budget read in Parliament by the Minister for Finance on behalf of the President, has really launched a debate between economists and public commentators . On the whole though, the budget has been fairly well received by those who understand what budgets really are. Indeed, on paper it appears well conceptualized, seeking to achieve ...

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Parliament approves 2018 budget statement despite Minority’s opposition

Parliament has approved the 2018 budget and financial policy statement of government, presented by Finance Minister, Ken Ofori Atta to the House in November. The Minority, who had expressed opposition to the budget statement since it was laid in Parliament, abstained from the vote. The various Committees in Parliament will now be tasked with assessing the estimates and allocations made ...

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Minority threatens to boycott approval of National Security budget

The Minority is threatening to boycott the approval process for the allocation made in the 2018 budget for the country’s National Security set up. This, they say, is due to government’s disregard for the provisions of the Public Financial Management Act, which requires the regular submission of intelligence reports on the security situation in the country to Parliament. According to ...

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Minority’s call for budget withdrawal flawed – Kwaku Kwarteng

A Deputy Minister for Finance, Kwaku Kwarteng, has rubbished calls for the withdrawal of the 2018 budget presented to the House by the Finance Minister, Ken Ofori Atta last Wednesday. The Minority Spokesperson on Finance, Cassiel Ato Forson, who made the call, had stated that government had reviewed some key economic targets without recourse to the House. According to him, ...

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IMANI’s preliminary assessment of key sectors in 2018 budget

Ghana’s Finance Minister, Mr. Ken Ofori- Atta presented his second budget to Parliament on Wednesday, November 15, 2017. The 2018 budget broadly aims at stabilizing the macroeconomic fundamentals and growing the economy by investing in industrialization, infrastructure, agriculture and entrepreneurship to create jobs. The general outlook of the 2018 Budget reveals Government’s commitment to fulfilling its numerous manifesto promises made ...

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Gov’t may reduce expenditure over tax cuts – Terkper

Former Finance Minister, Seth Terkper, has cast doubts over the government’s ability to meet potential revenue deficits following some tax cuts. He argues that government will also be compelled to resort to cutting down on some critical expenditure to make up for the shortfall. “It appears that the Minister seems to have shifted the debate to the middle because he ...

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Finance Minister presents budget statement today

Finance Minister Ken Ofori Atta will this morning, [Thursday], March 2nd 2017, deliver his government’s first budget and economic planning statement after winning the 2016 Parliamentary and General elections with a resounding and historical victory. The budget will give details of government’s expenditure and revenue generation plan for the year 2017. There is heavy interest in today’s statement from stakeholders ...

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Reducing statutory fund allocations will slow dev’t – Avedzi

Deputy Minority Leader in Parliament, James Klutse Avedzi, has kicked against the possible review of the law to reduce the allocation of statutory funds. Speaking on Eyewitness News ahead of the government’s first budget statement, Mr. Avedzi argued that, a likely downward review of allocations as they have gathered, would negatively impact development. There are currently eight earmarked statutory funds; the District Assemblies ...

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2017 Budget will focus on reviving ailing economy – Nana Addo

President Nana Akufo-Addo has assured Ghanaians that the first budget presentation of his government will contain policies and initiatives aimed at putting the ailing economy back on track. Nana Addo said this when he addressed the Ghanaian community resident in Banjul, The Gambia on Saturday, after attending the inauguration ceremony of President Adama Barrow. According to the President, the stringent ...

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We didn’t exceed election budget – EC

Charlotte Osei, EC Chairperson

The Electoral Commission (EC), has rubbished claims it exceeded the budget for the conduct of the 2016 General Elections. The EC was responding to a report in the Daily Graphic attributed to a senior official of the Ministry of Finance, who claimed that the Commission had gone beyond its budget. The Commission, in a statement stated that it had “worked diligently ...

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