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
-
Gun Amnesty: Greater Accra leads in weapons surrendered
23 minutes -
Dave Bishop outlines vision as he seeks Ghana Boxing Federation executive board position
30 minutes -
Former Ivory Coast coach Gasset dies
2 hours -
An Open Letter to the Deputy Attorney General, Dr Justice Srem-Sai
2 hours -
Humour at its finest at Kumasi Comedy Show
2 hours -
Police Christmas special operation: 101 suspects arrested in Greater Accra
2 hours -
15 arrested after sporadic shooting at Ho central mosque
3 hours -
GES condemns alleged theft of food supplies at Awaso STEM SHS
3 hours -
DopeNation electrifies crowd at Joy FM’s Party in the Park
3 hours -
Philip Ayesu emerges as the 2025 Achimota Champion after beating Percival Kwadjo Ampoma
3 hours -
Support your own – Mr P tells Ghanaian artistes
3 hours -
Ghana EXIM Bank develops 5-year export-led growth strategy to drive trade expansion
4 hours -
Big Smiles, Bigger Bounces: Kids take over the fun at the Joy Party in the Park
4 hours -
Joy FM Party in the Park 2025: Kwabena Kwabena takes centre stage
5 hours -
Ghana-Nigeria cyber-fraud network dupes over 200 victims of $400,000
5 hours