A former finance minister under the Rawlings administration, Dr Kwesi Botchway, says he has not seen signs of budget overruns yet, following fears  government may crave in to election year demands.

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One of the tenets of the deal is to maintain fiscal discipline and expenditure cuts.

"We have a program that we are running with the International Monetary Fund and there are structures under this program; there is a budget, there are expenditure profiles that have been all agreed and the President has committed himself not to breach this understanding," Dr Botchway told Citi FM.

He added: The President has committed himself to ensure that there is no expenditure over run in this election year. So far, I have seen no evidence suggesting that this promise would not be met."

He expressed hope that government will stay within budget since the country pays dearly for it after the election.

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“It will be a great thing if we avoid an expenditure bench in this election year because we pay dearly for it after the election. So I have seen no sign of an expenditure bench, on the contrary I have seen a commitment to not over spent in this election,” he said.