Home | Goldstreet Business
Tuesday, June 28, 2022
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result

Security concerns drive Gov’t expenditure for two consecutive years

July 31, 2019
in Uncategorized
0
Share on FacebookShare on Twitter

For two consecutive years, security expenditure has become one of the major portions of government expenditure, but curiously large proportions of this public spending appears not  to have been budgeted for at the start each year.

Based on the 2019 mid-year budget review, in the first half of 2019, government expenditure execution reached 92.9 percent, reflecting a faster execution rate compared with the revenue mobilisation performance rate of 84.5 percent for the period. This has resulted in a fiscal deficit measured on cash basis of 3.3 percent for the first half of this year, well above the 2.9 percent target for the period and government is attributing this overrun largely to extra-budgetary spending on security.

RELATED POSTS

Finance, Risk, and Financial Risk Management: From a Business Manager’s Standpoint

MTN Ghana extends coverage to 5.3 million Ghanaians in 2021- CEO

The use of good and services is expected to increase by GHc 605 million for the full fiscal year, to a revised figure of GHc 6,938 million from GHc 6,333 million in the original 2019 budget and government claims this is in part to meet “critical expenses on security.”

According to the Minister for Finance, Ken Ofori-Atta, expenditure on the use of goods and services during the first half of 2019, was 0.3 percent higher than target mainly on account of security related expenses to reinforce the country’s borders against terrorist attacks. Instructively, the goods and services expenditure outturn in 2018 also exceeded the target – by a massive 39.3 percent – on account of a one-off payment for unbudgeted security-related expenditures for the year. Resultantly by the end of 2018, expenditure on goods and services for the period amounted to GHc 5,127.9 million against the target of GHc 3,682.3 million.

On a year-to-year basis, the outturn recorded a growth of 106.6 percent.

Total expenditure, including arrears clearance, for the year is now being estimated to be GHc 74,611.7 million, about 1.6 percent higher than the 2019 Budget estimate of GHc 73,440.8 million.

The upward adjustments to interest payments reflects partly the effect of a higher exchange rate than programmed, as well as higher net domestic borrowing to meet some emergency security and energy expenses in the first half of the year.

Additionally, upward adjustment in Goods and Services in the second half of the year are to meet critical expenses on security among others.

Government is requesting an approval of an amount of about GHc 6,370 million as supplementary estimates to the original Appropriation of GHc 78,772 million to bring the revised total Appropriation for the 2019 fiscal year to about GHc 85,142 million.

The African Centre for the Study and Research on Terrorism (ACSRT) in its report noted that the continent  recorded 82 terrorist attacks across the region between March 16 and March 31, 2019, alone, evidencing the intensity of this threat currently.

Within that short period under review, the region recorded 544 terrorism-related deaths out of which 415 resulted directly from terrorist attacks, whereas 129 were deaths recorded during counter-terrorism operations by security forces.

According to the report, the Sahel region alone recorded 57 out of the 82 incidents of terrorist attacks. 79 percent of civilian, 62 percent of military and 66 percent of terrorists’ deaths respectively occurred in the Sahel region.

According to some security analysts the borders of Mali, Chad and Burkina Faso since 2017 have been under attack and this has been spreading down to Ghana.

There have been reports that terrorist groups want to take access of 70 percent of Burkina Faso and there have been alliances and emergence of terrorists’ groups to get access to the coastal areas.

facebookShare on Facebook
TwitterTweet
ShareTweetShare

Related Posts

Finance, Risk, and Financial Risk Management: From a Business Manager’s Standpoint

Finance, Risk, and Financial Risk Management: From a Business Manager’s Standpoint

June 27, 2022
MTN Ghana to pay GHS0.085 dividend per share

MTN Ghana extends coverage to 5.3 million Ghanaians in 2021- CEO

June 26, 2022
45% of UK drivers cut vehicle journeys as Fuel Prices Surge

45% of UK drivers cut vehicle journeys as Fuel Prices Surge

June 26, 2022
Bank of Ghana, Cyber Security Authority to deepen Collaboration

Bank of Ghana, Cyber Security Authority to deepen Collaboration

June 26, 2022
African Development Bank Group unveils US$10bn COVID-19 Response Facility

AfDB prepares $28m post COVID-19 programme for Ghana

June 21, 2022
Next Post

RGD, stakeholders set threshold for beneficial ownership disclosure

Import duty reforms to cost GHc1bn in 2019

Discussion about this post

Archives

<
June 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
 123456
78910111213
14151617181920
21222324252627
28      
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
1234567
891011121314
15161718192021
22232425262728
       
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

Finance, Risk, and Financial Risk Management: From a Business Manager’s Standpoint

Finance, Risk, and Financial Risk Management: From a Business Manager’s Standpoint

June 27, 2022
MTN Ghana to pay GHS0.085 dividend per share

MTN Ghana extends coverage to 5.3 million Ghanaians in 2021- CEO

June 26, 2022

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.