Ghana’s government has asked Parliament to approve for spending this year, an additional GHC800 million to enable it execute projects outlined in the 2015 budget.
This was contained in the Finance Minister’s Supplementary Budget presented to Parliament on Tuesday.
In addition to this, Mr. Seth Terkper is also presenting to the house the Budget Mid-Year Review.
The overall GDP growth is expected to be revised from 3.9 percent to 3.5 percent. GDP without oil will also been revised from 2.7 percent to 2.2.
The overall budget deficit target would be revised from 6.5 percent of GDP to 7.3 percent.
Inflation is expected to be reviewed upward.
More anon
African Eye News.com
