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Tag Archives: budget

US shutdown begins as Senate fails to pass new budget

The US government has begun a federal shutdown after the Senate failed to agree on a new budget. Despite last minute bipartisan meetings, the bill to fund the government until 16 February did not receive the required 60 votes. It is the first shutdown ever to happen while the same party, the Republicans, controls Congress and the White House. In ...

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Special Dev’t Ministry’s budget wasn’t meant to divert funds – Gov’t 

Government has rejected claims suggesting that portions of the Ministry of Special Development Initiatives’ 2018 budgetary allocation, was a ploy to misappropriate state funds. The relevance of the Ministry of Special Development Initiatives has been questioned after its 2018 budgetary allocation was found to be at least five times bigger than other key ministries like Works and Housing and Sanitation. ...

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GHC100m capital expenditure for presidency outrageous – Ato Forson

The Minority in Parliament has questioned government’s allocation of some 100 million Ghana cedis as capital expenditure for the presidency. According to the Minority Spokesperson on Finance, Cassiel Ato Forson, the items to be spent on, including renovation of the Flagstaff House and the Peduase Lodge, aren’t a priority as compared to other pressing needs of the country. “I do ...

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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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