Audio By Carbonatix
The government is expected to control its spending this year in order to attain single-digit inflation.
A single-digit inflation is one of the criterion that countries are expected to meet for the West
Africa Common currency, the Eco, to start operation.
The government of Ghana has come close to meeting the other entire criterion except the inflation rate which is very much influenced by external variables such as the behaviour of the world economy.
It is feared that the government will over spend given the fact the year is an election one.
But the Head of Research at the Data Bank financial services, Mr Daniel Ogbame Tetteh, said the government could control its spending because in 2004 it did controlled its spending despite that year also being an election one.
He stressed the government had spent on major projects last year and would not need to put more money into the system through projects.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Mystic Twins Foundation extends support to former Gambaga witch camp residents
1 minute -
Dafeamekpor confirms NDC still pursuing election petition involving wife’s constituency
6 minutes -
Dafeamekpor explains why he keeps family life private despite wife’s political career
10 minutes -
Kwame Dadzie: Don’t spend government’s GH¢5 million to film sectorÂ
1 hour -
Former Accra Mayor Blankson endorses Wontumi for NPP national chairmanship
2 hours -
Eid festivals explained on Behind The Lens with Queen Liz
2 hours -
Meet Emelia Naa Ayeley Aryee, the Ghanaian Gender Advocate helping couples overcome infertility stigma
3 hours -
Oil pulls back as traders look for progress on US-Iran talks
4 hours -
The proposed imposition of a 0.75% fee on Mobile Money-To-Bank transfers raises serious concerns regarding fairness, financial inclusion, and the underlying principle of interoperability within the digital financial ecosystem
4 hours -
Trump raises refugee ceiling by 10,000 to bring in more white South Africans
4 hours -
One killed and others missing after chemical explosion at US paper mill
4 hours -
First Ghanaians set to be repatriated from South Africa over anti-immigrant protests
4 hours -
Deliver or be questioned – Majority Chief Whip warns OSP
4 hours -
Crime is everywhere – Dafeamekpor slams OSP’s Accra-centred operations
5 hours -
Don’t be cocooned in Accra – Dafeamekpor pushes OSP to invade districts
5 hours