Government fails to meet its revenue target in 4 months of 2017

Government fails to meet its revenue target in 4 months of 2017

- Government is feared to have failed to accomplish most of its revenue targets

- Fiscal data shows that it was not able to make up for the 12 billion cedis revenue target in the past 4 months

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It has emerged that government failed to meet its fiscal target in the first 4 months of the year ever since taking over office on January 7.

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According to data intercepted by Joy FM, the NPP administration failed to generate the expected 12 billion revenue target in the country that was planned in the 2017 budget. Instead, it managed to pull off 10 billion cedis.

Touching on the grants and aids that government continues to enjoy from development partners, it has emerged that Ghana only raked in 11 billion as against the expected 13.2 billion stated in the budget.

Should this trend continue, government is expected to revise its budget and also make specific fiscal adjustments especially when various critics say the economic policies of the NPP administration is way above the top.

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This report follows various economic programs by government including the emboldening of the private sector through tax incentives, creation of various home grown initiatives like the planting for food and jobs which is expected to produce in excess of 750,000 jobs among others.

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