acquiring   shares   in   international   and   multinational   companies   that   purchase   and   process   our   raw   materials   such   as   cocoa   and   gold   to   enable   the   country   hedge   against   falling   commodity   prices,   through   receipts   of   dividends   and   capital   appreciation   of   these   multinationals.   It   is   expected   that   the   review   will   be   completed   and   submitted   for   Cabinet   approval   and   Parliamentary  passage  by  the  end  of  2008.     In   the   area   of   developing   a   Macroeconomic   Model   for   Ghana,   the   Policy   Analysis   and   Research   Division  of  MoFEP  has  been  established  with  11  member  multidisciplinary  team  to  deal  with  the   issues.   To   date,   the   team   is   still   undergoing   training   to   develop   their   capacities.   Five   experts   have  undergone  training  in  CGE  modeling.  Discussions  with  the  Head  of  the  Unit  suggests  that   while   there   is   still   work   to   be   done   in   developing   the   Macro-­‐Economic   Model   for   Ghana,   the   Ministry   has   developed   a   macroeconomic   model   for     revenue   forecasting   and   plans   to   undertake   policy   based   research   by   conducting   impact   analysis   of   government   policies   and   public  expenditure  surveys  to  ensure  the  realization  of  government’s  policy  objectives.  Also,  the   2008   budget13   discussed   implementation   challenges   which   centered   on   problems   associated   with   maintaining   debt   sustainability,   public   sector   reform   and   high   wage   demands,   unpredictability  of  fuel  prices  and  supply  constraints  in  power,  improving  under  five  mortality   rate,  election  year  and  fiscal  management  and  the  payment  of  fair  wages.       MOFEP   has   also   commenced   the   review   of   the   MTEF   Handbook   and   Technical   Guide,   preparation  of  a  manual ��to  guide  the  MDAs  and  MMDAs  to  access  funds  from  the  budget.  It  has   also   organized   several   training   programmes   for   MDAs.   Additionally,   MOFEP   has   instituted   an   internal   quarterly   review   meeting   on   the   national   budget   implementation   and   collaborated   with  NDPC  to  assist  MDAs  to  formulate  comprehensive  sector  policies.  Furthermore,  it  has  re-­‐ introduced   policy   hearing   meetings   as   part   of   the   budget   process.   National   Accounting   Workshops  have  been  organized  throughout  the  country  for  all  MDAs  and  MMDAs.  A  manual  to                                                                                                                             20 13 Section nine 74