The Private Enterprise Foundation (PEF) on Tuesday organised a workshop for entrepreneurs in the private sector to discuss the 2010 Budget Statement and Economic Policy in order to make their
recommendations for government's consideration.
Nana Yeboah Kodie Asare II, a member of PEF Governing Council, expressed the hope that the recommendations would form a position paper to
inform government on prudent fiscal measures to be implemented next year for socio-economic development.
Speaking at the workshop in Accra, he said the implementation of the budget depended largely on the input of the private sector stressing that the sector was the main "vehicle that carry the projects of government".
Mr Felix Tettey-Fio, a private consultant with the PEF team, in a presentation on the performance of the 2009 Budget, observed that the level of economic activity for the fiscal year had been slow adding that there was a shortfall of revenue mobilisation.
He noted that in situations where the government was unable to generate the needed revenue to implement its programmes, statutory bodies such as the National Health Insurance Authority, District Assemblies Common Fund and the Ghana Education Fund (GetFund) suffered financial cutbacks from government.
He described the projected 6.6 per cent in next year's budget for industrial growth as ambitious and expressed doubts of its attainment owing to the present erratic electricity supply.