Minister of Finance presents 2016 budget to Parliament tomorrow

The Minister of Finance, Mr. Seth Terkper will
Friday present the 2016 Budget and Financial
Statement of the government to Parliament. Sources close to the Ministry of Finance told
the Daily Graphic that the financial statement
of the government for next year would be an
upbeat budget, particularly for the energy
sector, considering that the government had
secured the World Bank’s Partial Risk Guarantee (PRG) to support investment in the
Sankofa Gas fields. According to the sources, it was understood
that private investors were in the market to
raise the necessary funds for the project. “Moreover, the First Lady, Mrs Lordina
Mahama just commissioned the FPSO
Professor Mills for the start of oil and gas
production in the TEN fields next year. “These come on the heels of the
commissioning of the Atuabo (Jubilee) Gas
Processing plant and progress with respect to
the Millennium Challenge Corporation’s (MCC)
Compact Two,” the sources said.