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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.
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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....More |
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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
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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.....More
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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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