{"id":55348,"date":"2022-11-16T09:12:46","date_gmt":"2022-11-16T09:12:46","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=55348"},"modified":"2022-11-16T09:12:49","modified_gmt":"2022-11-16T09:12:49","slug":"2023-budget-will-either-make-or-break-ghana-dr-theo-acheampong","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=55348","title":{"rendered":"<strong>2023 Budget Will Either Make Or Break Ghana \u2013 Dr Theo Acheampong<\/strong>"},"content":{"rendered":"\n<p>Economist, Dr Theo Acheampong, has said the 2023 budget statement will either make or break Ghana.<\/p>\n\n\n\n<p>He noted that this budget would signal to the international community the government\u2019s commitment and strategy to fix the broken economy sustainably, thus a failure to do so appropri\u00adately could translate into a total loss of confidence from the in\u00adternational community leading to the economy\u2019s downward spiral.<\/p>\n\n\n\n<p>\u201cThat budget is what is going to signal to all of us whether the government was really deter\u00admined to fix this problem and to put the economy on a sustainable footing going forward,\u201d he noted.<\/p>\n\n\n\n<p>Speaking on JoyNews\u2019 PM Ex\u00adpress Business Edition on Friday, he stated that players from the international community would be taking into keen consideration how the government dealt with certain issues including revenue mobilisation and expenditure cuts.<\/p>\n\n\n\n<p>He said \u201cSo everybody is ex\u00adpectant and everybody is looking out for what is communicated in the budget on raising revenue; on the expenditure side of things; how we\u2019re going to address the deficit and the financing of that deficit..\u201d<\/p>\n\n\n\n<p>\u201cWhat role will the Central Bank play within all of this in terms of the inflation targeting framework; and what sort of other social mitigating support package will the government offer to citizens and at what cost? All of these are issues that many market participants and many observers, and people like myself are actually looking out for in the 2023 budget,\u201d he said.<\/p>\n\n\n\n<p>Dr Theo Acheampong cautioned that there could be a disconnect between the budget statement and the staff-level agreement from the IMF which was projected to be reached by the end of this year.<\/p>\n\n\n\n<p>According to him, should that be the situation, it would fuel even more uncertainty thus fur\u00adther damaging the economy.<\/p>\n\n\n\n<p>\u201cBecause ultimately, if the bud\u00adget is read and we\u2019re talking of a staff-level agreement by Decem\u00adber or early January, what that will do is to send a strong signal or confidence to the market par\u00adticipants or players that what you would expect in that staff-level agreement wouldn\u2019t be any dif\u00adferent from what you\u2019re actually seeing in the budget,\u201d he said.<\/p>\n\n\n\n<p>\u201cIf you have a disconnect between the two, so let\u2019s say the budget is read and the staff-level agreement is agreed and you see a massive disconnect between the budget and the staff-level agreement there will still continue to be that uncertainty because those numbers do not reflect the reality,\u201d he said.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><\/strong><\/h3>\n\n\n\n<p>Source: The Ghanaian Times<\/p>\n\n\n\n<p><strong>SEND A STORY:<\/strong>\u00a0Do you have a story for us or need a promotion \/ advertisement? Submit them via our email\u00a0<strong><a href=\"mailto:dannyboy744@gmail.com\">dannyboy744@gmail.com<\/a>\u00a0and via on +233 266777777<\/strong><\/p>\n\n\n\n<div class=\"wp-block-jetpack-instagram-gallery\"><a href=\"https:\/\/www.instagram.com\/kumasionlinetv\/\" rel=\"noopener noreferrer\" target=\"_blank\">https:\/\/www.instagram.com\/kumasionlinetv\/<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Economist, Dr Theo Acheampong, has said the 2023 budget statement will either make or break Ghana. He noted that this budget would signal to the international community the government\u2019s commitment and strategy to fix the broken economy sustainably, thus a failure to do so appropri\u00adately could translate into a total loss of confidence from the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":55350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-55348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2023 Budget Will Either Make Or Break Ghana \u2013 Dr Theo Acheampong - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=55348\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2023 Budget Will Either Make Or Break Ghana \u2013 Dr Theo Acheampong - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"Economist, Dr Theo Acheampong, has said the 2023 budget statement will either make or break Ghana. 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