ADVERTISEMENT
EIU warns of difficult times for the economy
The report forecast government expenditure to go up significantly ahead of this year's election.
The report forecast government expenditure to go up significantly ahead of this year's election.
This, the report said will be influenced by pressures from the labour Unions and workers demanding more wages and salaries.
Government has projected to raise $40 billion and per the report, it looks like government might spend beyond that this year.
ADVERTISEMENT
The report added that this will influence the general price level of goods and services which will see inflation go up.
The report also forecast that government will miss out its own budget deficit target for this year, essentially missing the budget deficit target set under the IMF programme.
This could have a huge impact on getting the third tranche of funds from the IMF programme.
The report also warned that the cedi will depreciate further this year but not at damaging as experienced last year.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
Group hints at organizing Dumsor Vigil in Accra over erratic power cuts
Parents will soon beg for their children to enrol in public basic schools -Dr Osei- Adutwum
Government rebrands public basic schools, set to change brown and yellow uniforms
I won’t apologize for ECG Manager's arrest – Ashanti Regional Minister
Trailblazing Prof. Jane Agyemang: The political powerhouse shaking up the NDC!
John Mahama can’t succeed me as President because I defeated him twice – Akufo-Addo
President Biden signs law to potentially ban TikTok if not sold
I won’t be a driver’s mate to John Mahama – Prof. Naana Opoku-Agyeman