Ofori-Atta to present 2024 budget in Parliament today

Finance Minister, Ken Ofori-Atta will present the government’s 2024 Annual Budget Statement and Economic Policy before Parliament today, Wednesday November, 15, 2023.

The Finance Minister will exercise this constitutional right on behalf of President Nana Addo Dankwa Akufo-Addo as it’s in accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921).

The Ministry of Finance in an earlier statement said, “the budget is crucial because it is developed to support the implementation of the IMF-backed Post-Covid-19 Programme of Economic Growth(PC-PEG). It comes just after the successful First Review of the 3-year US$3 billion IMG-ECF Programme”.

The budget is also expected to highlight the performance of the economy, efforts to boost the productive capacity of the economy through the new growth strategy, fiscal measures, and debt management strategies to deepen stability and promote growth”.

Moreover, the Finance Ministry has planned to undertake a comprehensive post-budget stakeholders engagements to explain the various policy to the public.

Meanwhile, several economists, members of the Ghana Union of Traders’ Associations (GUTA) and some Ghanaians have appealed to the government not to introduce new taxes to burden business owners and the ordinary Ghanaians in the coming year.

Also, the minority caucus in Parliament has urged the government to cut down expenditure in the 2024 Annual Budget Statement and Economic Policy of the country.