according to Kweku Baaku We are celebrating ineptitude, technical incompetence, he said on Joy FMs Newsfile Saturday. Expressing cynicism about Ghana economic performance, Kweku Baako said there is not much to convince him that government was going to do better in 2014. The government of President John Mahama is under pressure to rein in its budget deficit, which has cast a shadow over an economy growing rapidly because of oil exports in addition to gold and cocoa production. But in a measure of fiscal problems it is likely to miss key 2013 budget targets, which included limiting the deficit to 9 percent of GDP and holding inflation under 11 percent. The government will also come up short of a deficit target of 8 percent of GDP this year, though officials blame this on a fall in commodity prices, energy crisis and the protracted opposition challenge to Mahamas election in December. Government says it will seek to trim its budget deficit to 8.5 percent of Gross Domestic Product by 2014.
Posted on: Sun, 24 Nov 2013 13:48:26 +0000
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