The Minister of Finance and Economic Planning, Dr. Kwabena Duffuor, has arrived in Parliament to present the 2012-13 budget statement and economic policy this Wednesday morning.
Peacefmonline. com will keep you updated with highlights from the statement.
Dubbed, �Infrastructure Development for Accelerated Growth and Job Creation�, the 2012 Budget is touted within government circles as one of the best in the face of an election year to bring high hopes to the jobless.
On Tuesday, November 15th, the state-owned Daily Graphic reported that the National Stabilisation Levy, which was imposed on mining companies, financial institutions and some large firms in 2009, will be scrapped in 2012.
It also reported that the GHc3 billion commercial loan from the China Development Bank is expected to feature prominently in the execution of next year�s budget to finance the Western Corridor roads� project, railway and gas processing facilities among others.
Meanwhile, a Senior Research Fellow at the Institute of Statistical, Social and Economic Research -ISSER, of the University of Ghana, Dr Peter Quartey says he expects government to create the necessary environment which will create what he called quality jobs for the youth.
Sharing his expectations for tomorrow's budget in an interview with Radio Ghana, Dr Quartey said the economy must be expanded so that it can absorb the teaming unemployed graduates.
This would be the last budget statement of the current NDC administration whose first term officially ends in January 2013.
Source: Peacefmonline.com
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