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Economic policy High expectations as Finance Minister presents budget today

It shall be critical to see whether presentation of the Budget acts as a morale booster to the sagging business confidence.

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Given high expectations from the government, all attempts are expected to be made to present a comprehensive 2016 Budget.

The upcoming Budget needs to be analysed more from a point of view of articulation of a roadmap of reforms and policies of the new government.

While the expectations from the majority led government are running high, the investors should understand government's success and failure..

The Budget shall be a demonstration of government' urgency to kick start the economy. The stated intent of the government needs to be translated into actions taken to stimulate the manufacturing and services sectors especially for promoting exports.

It shall be critical to see whether presentation of the Budget acts as a morale booster to the sagging business confidence.

As Minister of Finance, Seth Terkper, today appear before Parliament to present the 2016 budget and economic policy statement, officials of the ministry have hinted the financial statement for next year would focus particularly on the energy sector, considering that government has secured the World Bank's Partial risk Guarantee (PRG) to support investment in the Sankofa Gas Fields.

Officials say private investors are in the market to raise the necessary funds for the project.

As 2016 is an election year, government has given the assurance it will not overspend in order to keep the economy on its healing track.

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