Finance Minister; Seth Terkper
Finance Minister, Seth Terkper will today present to parliament a midyear review of the 2014 budget.
The review could see government revise its macro-economic targets set in this year and announce some new policies to help stabilize the economy.
The current economic difficulties facing the country have affected efforts to raise the required revenue to match government’s operations as the country, for the first three months, failed to collect the 5.7 billion revenue target set out in the 2014 budget.
This challenge has been influenced by declining prices of Ghana’s traditional export commodities like gold and cocoa, and cut in funding by donor partners, because of the country’s middle income status and concerns with the management of the economy.
The challenge could see the finance minister also seek approval on how to spend some revenue coming in from other sectors of the economy.
Analysts see the review as one of the major interventions by government to help stabilize the economy.
Credit: myjoyonline