In theory, parliaments are one of the key institutions of democracy, playing an important role in terms of legislation, oversight and representation. Regrettably, in many developing countries – as well as in many developed countries – parliaments are weak, ineffective and marginalised.

Parliamentary strengthening aims to enhance the effectiveness of parliaments through institutional development, through building the capacity of parliamentary staff, MPs and committees, and through putting in place the nuts and bolts of infrastructure and equipment

Click here for report

Madam Speaker, I beg to move that this august House approves the Budget Statement and Economic Policy of the Government for the year ending 31st December, 2012.

Today, I humbly stand before you to present the fourth Budget Statement and Economic Policy on behalf of the President, His Excellency, Prof. John Evans Atta Mills in accordance with article 179 of the 1992 Constitution.

Click here for full budget statement

The present number of unanticipated events and further deterioration of the global economic environment could have substantial spillovers to the Ghanaian economy;

Preliminary results from WAMI’s half year surveillance report indicates that the overall economic performance in the WAMZ remained strong with real GDP expected to expand by 8.0 per cent in 2011, compared to 7.7 per cent in 2010.

Click here for highlights

Madam Speaker, I beg to move that this honourable House approves the Financial Policy of the Government of Ghana for the year ending 31st December, 2012. Madam Speaker, in doing so, I humbly stand before you to present the fourth Budget Statement and Economic Policy on behalf of the President, His Excellency, Prof. John Evans Atta Mills in accordance with article 179 of the 1992 Constitution.

Click here for full Budget Speech

Other Stories

2012 Supplementary Budget
Madam Speaker, it will be recalled that I had the honour on behalf of His Excellency, President John Evans Atta Mills in presenting the 2012 Budget Statement and Economic Policy of Government to this august House on 16th November, 2011, based on which an Appropriation Act was passed. It has become necessary for me to appear before this august House once again to present a Mid-Year Review of the performance of the economy and a Supplementary Estimate of Government in accordance with Article 179 (8) of the Constitution and Standing Order 143 of Parliament. Click here for supplementary budget statement Read highlights of the budget statement
Nov. 5 (Bloomberg) -- Ghana’s economy is 75 percent bigger than previously calculated, the country’s Statistical Service said, slashing the relative size of the fiscal deficit and the current account shortfall. The West African nation’s gross domestic product this year is 44.8 billion cedis ($31.2 billion), compared with the previous estimate of 25.6 billion cedis, Grace Bediako, head of the Accra-based agency, told reporters today.
The Tory party has lost sight of its true values
The latest polls will not make for happy reading in No 10. After a torrid post-Budget fortnight, Labour has a strong lead. If there was an election tomorrow, they would be returned with a big majority. In 43 years as a volunteer for the Tory party, I have always believed that the values of our activists have been at the heart of our electoral success. Yet, in recent times, there has been an almost evangelical focus on the “modernisation” or “detoxification” of the Conservative brand. The result has been a growing disconnect between the party leadership and the grassroots, and a loss of clarity, principle and policy direction.
FACTBOX: Political risks to watch in Ghana
The start of commercial oil production in 2010 has helped promote Ghana into the ranks of the world's lower middle-income nations, fuelling hopes of ending a dependence on aid and forging a future as one of Africa's star economies. While President John Atta Mills's government is seen to have done well in knocking public finances into shape since 2008, elections are due in December and the country's deficit is being strained by a high wage and fuel subsidy bill. The Bank of Ghana is tightening monetary policy to fend off mounting inflation pressures and stabilise the sliding cedi currency.
US election: Mitt Romney's choice as running mate just made the election interesting
Mitt Romney's selection of Paul Ryan as his vice presidential running mate for the Republican ticket is proof of the former Bain executive's business pedigree: a smart CEO picks an even smarter chief financial officer. It's also proof, finally, of the former Massachusetts governor's political prowess: the race will now be about something important – a battle of economic ideas, with America's comeback as the ultimate prize promised. And that's good for the Republican Party, the Democratic Party, and the nation.
Structural Transformation of Ghana’s Economy
When approached by friends to give a presentation on Ghana, the initial idea was to shed light on the much heralded status of Ghana, joining the exclusive club of oil producers and what would be the development prospects for the country. However, realizing that Ghana being a developing country, perhaps it would be a better idea to present a broader picture of the development challenges facing the country, including how prudent the new oil revenue will be managed.
Is the Constitutional Review Commission Constitutional?
Two USA based Ghanaian constitutional scholars have questioned the constitutionality of the on-going constitutional review exercise. In an article to appear in African Journal of International and Comparative Law, the scholars argue that (i) the President has no power to appoint a commission to review the Constitution; (ii) only Parliament has the power to amend the Constitution; (iii) that any and all initiatives to amend the Constitution must originate from parliament; and (iv) a wholesale review of the Constitution by a Commission, as is currently being done, is alien to the Constitution. The scholars conclude that the current constitutional review exercise set a dangerous precedent and, therefore, calls for the immediate dissolution of the Constitutional Review Commission (CRC). more >>>
Getting the state right : think tanks and the dissemination of New Public Management ideas in Ghana
Private research institutions, commonly referred to as think tanks, are a recent phenomenon in the Ghanaian policy environment. They are part of a growing number of NGOs that have emerged with Ghana’s political liberalisation and are attempting to influence policymaking. These institutions exert a greater influence on policies affecting the functioning of the ‘administrative state ’ than other NGOs. Through their efforts, ideas pertaining to administrative reform appear to have taken root strongly in Ghana. This paper examines the processes and methods that have been adopted by these institutions in developing policies that are being pursued to change the ‘ administrative state ’ in Ghana. It argues that the ability of these institutions to influence policies geared towards changing the administrative state can be attributed to the calibre of personnel as well as the processes and methods they have adopted. more >>>
How can one define a ‘democratic election procedure’ in the light of proposals to introduce Remote Voting by Electronic Mean s (RVEM)? Are there any general characteristics of an election procedure which define it as democratic?The central question is quite separate fr om ‘how can one define a democracy?’ A crude definition of a democracy is a state in which the rulers are chosen by the people and exercise power with their consent. 1 More sophisticated definitions require, at least, a definition of ‘people’ , ‘ruler’, ‘power’ and ‘consen t’ and it would seem that a number of politically acceptable definitions of each of these terms exist in the world or even within a single polity. For example, there is no single defi nition of ‘people’ in the United Kingdom which takes into accoun t the different groups who may, or may not, vote for representatives in the various tiers of local government, the Westminster Parliament, the Scottish Parliament, th e Welsh Assembly, the Northern Ireland Assembly and the European Parliament. 2. Within the electorates for those bodies there are a number of differing qualifications to be registered as a voter and the methods of election differ one from another. Read More >>>
Finally! We have something to applaud the Ministry of Energy for! Those who have been following our releases should by now be familiar with our incessant ranting about “transparency”. This week the Ministry of Energy announced that it shall be subjecting the draft petroleum revenue management bill to a full and open public discussion extending to all corners of Ghana prior to its submission to the relevant select committees in parliament. All hail transparency!