Audio By Carbonatix
Finance Minster, Seth Terpker, will this morning present a budget review to parliament – four months after the main 2015 budget was presented.
A review of the budget has become necessary partly due to the fall in the price of oil on the international market.
Government is likely to suffer a revenue shortfall of about $700 million out of the $1.2 billion it budgeted as a result of the fall.
The minister will inform Parliament on what it is doing to cushion the country as a result of the shortfall and how it is going to spend its finances.
There are also speculations that the country’s programme with the International Monetary Fund (IMF) has made the revision of the 2015 budget necessary.
Certain recommendations made in the IMF programme are expected to feature in the revised budget.
Latest Stories
-
Ballon d’Or Power Rankings: Lamine Yamal leads race for Golden Ball ahead of Rodri and Kane
7 minutes -
‘Nothing worked for us’ – Gideon Mensah takes responsibility for Gambia defeat
26 minutes -
2026 Women’s Super Cup: FC Savannah beat Epiphany Warriors to win trophy for first time
2 hours -
AFCON 2027Q: ‘The last time Ghana won was eight games ago’ – Carlos Queiroz
2 hours -
AFCON 2027Q: Gambia defeat doesn’t make me a loser – Carlos Queiroz
2 hours -
2027 AFCONQ: Late goals seal 2-0 for Côte d’Ivoire against Somalia
3 hours -
AFCON 2027Q: My resignation won’t solve Ghana football issues – Queiroz
3 hours -
Morocco call off Ghana friendly after Black Stars’ AFCON setback
3 hours -
‘We have to say sorry’ – Queiroz apologises after Ghana’s humiliating defeat to Gambia
3 hours -
New Yorker identified as Yaw Boahene, 57, killed after bag was caught in subway train doors
3 hours -
Former American Idol contestant and pastor found guilty of murdering wife
3 hours -
Trump rules out joint US-China venture to develop AI
3 hours -
‘Beating Ghana did not surprise me’ – Gambia boss
4 hours -
OpenAI agents get rebrand – as ‘dots’ – while safety worries delay new model
4 hours -
US ban on Canadian alcohol and dairy takes effect as trade war drags on
4 hours