The Finance Minister has announced that the 2024 budget statement and government economic strategy would be given in Parliament on Wednesday, November 15.
During his keynote address at the Ghana Mutual Prosperity Dialogues (GMPD) in Accra on Thursday, November 2, Mr. Kenneth Ofori-Atta, the Finance Minister, made the announcement.
The budget will provide the government with another opportunity to establish fiscal discipline before an election, since the last presented for an election year, before to the 2020 elections, was thrown off course.
Mr Ofori-Atta stated that current data lead to a positive economy next year, following a fall in 2022.
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The Minority in Parliament has already threatened a “showdown” if the budget for the following year does not meet the necessities of the average Ghanaian citizen.
“The prevailing economic conditions has already made it very difficult for the ordinary Ghanaian and businesses and therefore we can’t be a party to any policy or measure which make things even more unbearable for the already suffering Ghanaian and businesses,” Minority Leader Dr Cassiel Ato Baah Forson stated on Tuesday, October 31 when the House resumed from recess.
“Mr Speaker, let me be blunt; the upcoming budget statement will encounter resistance if it does not prioritize the needs of people and businesses. That is our bottom-line.
“So, if the government knows that its upcoming budget does not prioritise the needs of the people, then they should get ready for a SHOWDOWN!”
Mr. Ofori-Atta emphasised the need to consider the economic issues of 2022 within their proper framework.
“The question then is ‘How do we move forward?’ Going forward, our objective is to re-calibrate the approach so we can do more with the private sector.”
