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Budget for 2009 in final phase
Audrey Micah

Accra, Feb 16, Ghanadot - A draft budget for 2009 fiscal year is almost ready for submission to Parliament for approval. This is the first revenue and expenditure plan under the Mills government which has been under preparation since the President met with his economic gurus at Akosombo recently to discuss policy options for his four year term.

Among the imminent group who met was Dr Kwabena Duffour, the Finance Minister, He is said to be putting finishing touches to the document.

 

Highlights of the budget according to sources at the Ministry, would include strategies to boost revenue generation in the face of the global financial crisis and the expected decline in international donor support for the nation.

Due to the possible impending revenue collection, agencies such as the Customs, Excise and Preventive Service (CEPS) would be put under one arm to ensure efficiency in revenue collection.

The budget is also expected to have a special focus on agriculture in keeping with the promise of the Mills administration of boosting production in the sector.

The Chief Director at the Finance Ministry, Nana Dwabeng Siribour indicated that the budget would be read soon after the Presidentʼs sectional address scheduled for today.
He hinted also that the ministry is working feverishly to have the budget prepared for 2009.

The slash in budget deficit would also receive attention as Dr Duffuor has promised slashing the current deficit of 12% to 9%.

'We have a four-year programme to set up jobs and provide small scale industries, but the first priority is to achieve stability. Without macro stability, you can't grow, therefore stability is our priority,' Duffuor told Parliament at his vetting.

'I will not sit here and say all is well. The truth is that there are serious challenges, but the good news is that they can be fixed and we are committed to fixing them, there are some structural problems which we need to look at and with all these, 3 percent deficit is achievable,' he said.
 

 

 

 

Public reluctant to accept One Pesewa coin

Juaso (Ash), Feb. 13, Ghanadot/GNA - The One Ghana Pesewa coin, which was introduced as part of redenomination of the country’s currency in 2007 is not easily accepted among the public either for purchases or change, a survey has revealed.
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 Accra, Feb. 13, GNA – Vice-President John Dramani Mahama on Friday urged market women to help government promote the retail of locally manufactured products to bring about long-term stability in the economy ........more

 

 

 Questions for Minister-Nominee end vetting abruptly

Accra, Feb. 13, Ghanadot/GNA – The vetting of Mr Mark Owen Woyongo, Minister-Nominee for the Upper East Region, ended abruptly to enable him to go and prepare adequately to face the Parliamentary Appointments Committee at a later date.....
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  Eleven ministers approved by parliament

Accra, Feb 13, Ghanadot - Eleven persons out of the 21 nominated for ministerial appointments by President John Evans Mills have been approved by Parliament..... ..More
   
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