Morning Teaser Did the Mid-year review of budget give hope for a better future?

Government has asked Parliament to approve an additional 800 million cedis to enable it execute projects outlined in the 2015 budget

  • Published:

Did the Mid-year review of budget give hope for a better future?»

24/7 Live - Subscribe to the Pulse Newsletter!

The economy has gone through turbulence in the past, mainly caused by over-spending in election years, revenue shortfalls, abuse of the public purse by a section of public servants, an increase in public sector wage bills and other fiscal challenges.

However, there are visible signs of economic recovery, which give hope for the medium-term prospect.

Our confidence has been boosted by the International Monetary Fund’s (IMF’s) endorsement of our home-grown programmes, the resumption of aid by development partners and the development of gas fields, all part of the medium-term prospects.

Needless to say, we saw a sharp decline of more than 26 per cent in the value of the cedi at the beginning of the year, but the sharp intervention by the Bank of Ghana (BoG) saw a recovery of more than 23 per cent in the value of the national currency.

But just when there appeared light at the end of the tunnel, the cedi suffered in value against the major currencies.

However, efforts by the BoG in pumping $20 million into the economy daily have again stabilised the cedi against the dollar and other currencies.

At the end of June this year the cedi was trading at about GH¢4.50 against the dollar.

Mr Seth Terkper says the government needs over Gh¢ 800 million to meet targets outlined in the 2015 budget.

Did the Mid-year review of budget give hope for a better future?

Did the Mid-year review of budget give hope for a better future?»

Recommended Articles

Recommended Videos





Top Articles

1 In Georgia 13 year old shoots himself while streaming on Instagram livebullet
2 In Philippines Jealous Filipino woman cuts husband's penis based on...bullet
3 In Lagos Motorcyclist trying to make a U-turn gets crushed by trailerbullet
4 Unrequited Love Jilted female police officer shoots herself with...bullet
5 Lai Mohammed Richard Quest clears the air on Jollof rice debaclebullet
6 Video Natives of Sogakope claim to have captured a dwarf godbullet
7 Stranger Than Fiction Mortuary attendant says he enjoys sex...bullet
8 In Western Region Man butchers son for ritualsbullet
9 Sad End S/Court affirms death sentence passed on an...bullet
10 Tragic 14 family members die after boat capsizesbullet

Top Videos

1 Video Angry pigs eat giant PYTHONbullet
2 Neoplan Station Scary! Snakes found in kumasi busbullet
3 Pulse TV Street Talk A heavy or light breakfast; Ghanaians reveal...bullet
4 Road Sex Man filmed having sex with road at a car parkbullet
5 In China Cheating husband force to wear pad, bra as punishmentbullet
6 In Taiwan 50 pole dancers on Jeeps escort politician’s funeral...bullet

Filla