{"id":69617,"date":"2014-11-28T14:00:45","date_gmt":"2014-11-28T14:00:45","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=69617"},"modified":"2014-11-28T14:05:57","modified_gmt":"2014-11-28T14:05:57","slug":"govts-2015-budget-projections-unrealistic-alan-kyermanten","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/11\/govts-2015-budget-projections-unrealistic-alan-kyermanten\/","title":{"rendered":"Gov\u2019t&#8217;s 2015 budget projections unrealistic \u2013 Alan Kyermanten"},"content":{"rendered":"<p>A former New Patriotic Party (NPP) Presidential Hopeful, Alan Kwadwo Kyeremanten has described as unachievable and unrealistic, government\u2019s projections in the 2015 budget statement.<\/p>\n<p>[contextly_sidebar id=&#8221;vCZsHl6ItF29Vg840uIW6T4pAyh9P6ll&#8221;]The sky-rocketing inflation, high cost of living, high interest rates, among others, have generated massive opposition from government critics and pressure groups who have organized demonstrations to show their displeasure.<\/p>\n<p>Government had projected that inflation would be kept at about 9.5 percent by the middle of 2014 but the latest figures from the Ghana Statistical Service (GSS) show inflation for the month of October has sky-rocketed to 16.9%.<\/p>\n<p>Explaining why government has struggled to stabilize the economy , Mr. Terkper\u00a0 said the fall in crude oil and cocoa prices on the world market inhibited the implementation of government\u2019s home-grown policies.<\/p>\n<p>The Minister of Finance, Seth Terkper, however <a href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/11\/20\/ghanaians-will-enjoy-govts-promises-in-3-yrs-terkper\/\" target=\"_blank\"><span style=\"color: #666699;\"><strong>said the situation will normalize within three years.<\/strong><\/span><\/a><\/p>\n<p>But speaking to <strong>Citi News<\/strong>, Alan Kyeremanten said government\u2019s target of achieving 11 percent inflation rate by end of next year is impossible.<\/p>\n<p>\u201cI think that some of the projections are a bit pessimistic. If you look at the inflation target of 11 percent, that is from 16.9 to 11 percent,looking at the elements of what has contributed to high inflation, I\u2019m not sure that is achievable within a period of one year. Looking at elements such as the depreciating exchange rates of the cedi, even though it is stabilizing, I don\u2019t think that is going be a permanent thing,\u201d he said.<\/p>\n<p>&nbsp;<\/p>\n<p>By: Marian Efe Ansah\/citifmonline.com\/Ghana<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A former New Patriotic Party (NPP) Presidential Hopeful, Alan Kwadwo Kyeremanten has described as unachievable and unrealistic, government\u2019s projections in the 2015 budget statement. [contextly_sidebar id=&#8221;vCZsHl6ItF29Vg840uIW6T4pAyh9P6ll&#8221;]The sky-rocketing inflation, high cost of living, high interest rates, among others, have generated massive opposition from government critics and pressure groups who have organized demonstrations to show their displeasure. [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":54978,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,5],"tags":[38],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov\u2019t&#039;s 2015 budget projections unrealistic \u2013 Alan Kyermanten - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2014\/11\/govts-2015-budget-projections-unrealistic-alan-kyermanten\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t&#039;s 2015 budget projections unrealistic \u2013 Alan Kyermanten - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"A former New Patriotic Party (NPP) Presidential Hopeful, Alan Kwadwo Kyeremanten has described as unachievable and unrealistic, government\u2019s projections in the 2015 budget statement. [contextly_sidebar id=&#8221;vCZsHl6ItF29Vg840uIW6T4pAyh9P6ll&#8221;]The sky-rocketing inflation, high cost of living, high interest rates, among others, have generated massive opposition from government critics and pressure groups who have organized demonstrations to show their displeasure. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2014\/11\/govts-2015-budget-projections-unrealistic-alan-kyermanten\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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