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<\/a><\/p>\n[contextly_sidebar id=”5QbkmHfTPID0Fqq9KKlL7TbPgEkhVxST”]The Minister, while presenting the supplementary budget<\/strong> <\/span><\/a>and the 2015 budget review to Parliament on Tuesday requested for an additional 800 million cedis to help government\u00a0implement targets spelt out in the 2015 budget.<\/p>\n He further indicated that the overall budget deficit target has been revised from 6.5 percent of GDP to 7.3 percent while inflation has also been reviewed upward; from 11.5 percent to 13.7 percent.<\/p>\n Sydney Casely Hayford who is not enthused about the new figures further described his presentation as an \u201cadmission of failure.”<\/p>\n He believes \u201call that the Minister came to do was to come and tell us \u2018I did not meet my targets and these are my new targets that I am setting\u2019\u201d<\/p>\n \u201cThe GDP was supposed to grow 3.9 percent now he says he can only grow it by 3.5 percent so he has brought that target down. He set a target for inflation into single digits and said he was going to do 9. 5 perent now he says he is going to end it at 11.5 percent or some 12 percent. He was only reducing his level of competence to a point where he can come back to you the next year or the year after and come and tell you I was able to beat the targets.\u201d<\/p>\n Justifying his position, Sydney cited other issues, including Ghana’s Gross Domestic Product (GDP) and debt stock as strong evidence to prove that Ghana’s economy is in distress.<\/p>\n –<\/p>\n By: Marian Efe Ansah\/citifmonline.com\/Ghana
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