
Audio By Carbonatix
Deputy Minister of Finance, Mona Quartey has discounted fears the ongoing negotiations with the International Monetary Fund (IMF) will change the focus of Ghana’s 2015 budget.
She however admitted that the timing for presenting the budget next month could be affected by the ongoing negotiations with the IMF.
“The IMF has already seen our home grown policies, they have already seen the GSGDA [Ghana Shared Growth and Development Agenda] which is the anchor for this budget and they are already in agreement with us,” she told Joy Business.
But she explained that “what they are asking for more, and they are in discussions with us is frontloading some of these measures that doesn’t change the plan itself, it perhaps changes the timing”
Government usually presents the next year's budget two months earlier than the year ahead - November.
However as the country hopes to finalize negotiations with IMF by the end of next month, it has raised concerns about whether the second week in November deadline for presenting the budget would be met.
“We know we are working at tight schedule to marry the two. But the idea is that we must synchronize whatever final negotiations we have with the IMF with the budget.
“If we need more comments and information from the IMF negotiations to input into the budget we will do so. We will make sure that the budget is a good robust and strong budget and not a rushed one.”
Government has also begun seeking inputs from various sectors of the economy for next year's budget.
Meanwhile, Joy Business has gathered that government is likely to propose mobilizing 43 billion Ghana cedis in revenue for 2015 budget.
Sources say government, is likely to outline some measures in the budget to address the overruns which includes a freeze on new contracts for next year by ensuring that all the agencies work within their approved budget ceilings and limiting spending to priority programs.
Latest Stories
-
I returned to Ghana to make a difference in healthcare — Dr Naa Ashietey
11 seconds -
Ghana Music Awards USA 2026 partners with WatsUp TV to amplify Ghanaian music
3 minutes -
Utility companies should fix their losses, not pass to consumers – AGI
6 minutes -
AI and the future of Jobs: Ghana’s AI Strategy and opportunities for youth action
31 minutes -
Ghana scores 22 out of 100 on budget transparency, raising accountability concerns
34 minutes -
Sentuo Oil Refinery expansion to create 1,500 jobs, boost energy security – John Jinapor
47 minutes -
Adwoa Safo: JoyNews at sickbed of injured former Dome-Kwabenya MP
54 minutes -
Partey wins JAC Motors MVP award after performance in Black Stars draw with England
1 hour -
GES PRO urges GTEC to publish accredited institutions instead of focusing on unaccredited schools
1 hour -
WASSCE candidate who died after final paper identified as 18-year-old Notre Dame SHS student
1 hour -
Sentuo Oil Refinery capacity to increase from 40,000 to 100,000 barrels per day – Energy Minister
1 hour -
GTEC list of unrecognised institutions in Ghana: Doxa, Debest, Faith University among 70+ flagged
1 hour -
Unilever. Guinness. FanMilk. Kasapreko beat them all
1 hour -
Trump asks Congress for $87.6bn for Iran war after Republican showdown
1 hour -
Explorco to start Voltaian Basin oil drilling in 2026 as Sentuo refinery expands to 100,000 barrels per day
1 hour