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Showing posts from November, 2021

Government to spend ¢128.3bn in 2022 – Report

Ghana’s total expenditure in 2022 is projected at ¢128.3 billion which will be 25.8% of GDP. Data from the Ministry of Finance indicate that total expenditure (including payments for the clearance of arrears) is projected at ¢128.3 billion (25.8% of GDP) in 2022.   This means government expenditure in 2022 is expected to increase by almost 13% relative to the ¢113.8 billion expenditure in 2021. In terms of revenue mobilization, government intend to raise an amount of ¢89.1 billion (17.9% of GDP) for 2022 and represents a nominal growth of 23% over the projected outturn for 2021. Further analysis shows that the overall budget deficit (including finsec and IPPs cost) is projected at ¢39.2 billion (7.9% of GDP) for 2022. The ministry also noted that for the second time in a row, interest payments are expected to be higher than compensation of employees. “Interest payments is projected at ¢37.2 billion (7.5% of GDP) in 2022”. Additionally, “compensation of employees is projected to increas
The Director of the Faculty of Academic Affairs and Research at the Kofi Annan International Peacekeeping Training Centre (KAIPTC) has advised against the use of force to supervise elections at the local level. He said this is especially when it is to coerce people to vote in a certain pattern. Speaking on the Super Morning Show, on Monday, November 1, 2021, Prof Kwesi Aning intimated that heavy military presence during such elections is a threat to and a recipe for the subversion of the country’s democracy. “Using those weapons of violence or threatening to use them if and when necessary, hollows out the process, hollows out our institutions and makes it easy for subversion,” he said. He further argued that “democracy works best when it’s not threatened or coerced [but] it dies when under the guise of performing our democratic responsibilities, institutions and individuals are coerced to function in a particular way and make particular decisions that are undemocratic but are clothed i