You are here:

Ghana’s 2014 Budget Will Be Program Based

Seth Terkper

Seth Terkper

One of the new initiatives next year’s budget would be coming up with is the tying of spending plans of various ministries and agencies to results and achievable targets.

This should mean that from next year, every government department would be required to account for funds disbursed before new allocations are made for the next quarter.

The initiative is part of a broader policy program to ensure that government gets value for money and checks its spiraling expenses.

Head of Budget reforms at the Ministry of Finance, Eva Mends, tells Joy Business the budget would also come up with programs to address the rising wage bill.

“All MDAs [Ministries, Departments and Agencies] for the first time will have to assign wage and salary bills to the delivery of the program. Until now, wages are paid without recourse to what services we are getting from those wages.

“For every MDA to deliver a program, we will require the full cost of the services that you will be rendering,” Mrs Mends explained.

“You are not just giving us the cost of goods and services and assets, you are supposed to give us the number of people and the cost to deliver the service”.

This will form part of what officials of the Ministry call Program Based Budgeting.

On Thursday, November 14, Finance Minister Seth Terkper is expected to present the 2014 budget before Parliament.

Many interest groups would be watchful for programmes to address the rising budget deficit. It is unclear if next year’s budget will introduce new taxes to address revenue shortfalls.

Do you have a story or an article to publish? Please email us at [email protected].

Posted by: Ghana News -SpyGhana.com

Spyghana.com is a premier news source that covers daily news of Ghana, Africa and the World over.

Related articles
 

Leave a Reply
 

Your email address will not be published. Required fields are marked (*)

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Browse Pages
 

Get in touch
 

Spyghana.com is a premier news source that covers daily news of Ghana, Africa and the World over. Today, the site is updated 24 hours a day, seven days a week with follow-ups and breaking news, as well as original reporting, entertainment and sports. And our traffic has grown accordingly.

Back to Top