The 2024 budget statement would take into consideration the needs of Ghanaians, according to Palgrave Boakye-Danquah, the government’s spokeswoman on governance and security.
He added that it will provide an established path until 2024.
Ahead of the presentation, on Facebook, he said “a picture speaks not only a thousand words, but some pictures of some personalities inspire hope, promises a brighter tomorrow, assures investor confidence, market display of equity, growing and thriving businesses, the list is endless. I am confident about tomorrow’s budget reading for a number of reasons.”
“This is President Nana Addo Dankwa Akufo-Addo‘s final budget (though there would be a mid year review and a transitional budget during the transitional period where we believe in the possibilities of Ghanaians to retain the New Patriotic Party (NPP: Development in Freedom) as the party of choice to continue and steer affairs of the digital revolution of Ghana.
“This budget I’m certain as other budgets would take into account the needs of the Ghanaian people. This budget I’m certain as other budgets would set the clear path over the year 2024. I do consider tomorrow’s budget as the President’s Legacy budget.”
Today, Wednesday, November 15, the Minister of Finance is scheduled to deliver the 2024 budget statement before Parliament.
The budget statement will throw further light on the performance of the economy, and efforts to boost the country’s productive capacity through the new growth strategy, the Finance Ministry said.
The Ministry described the budget as a crucial document to be presented by the Minister.
The Ministry said the budget comes on the back of the successful first review of the 3-year programme with the International Monetary Fund (IMF).
The Ministry announced in a statement on Tuesday, November 14,
“The budget is crucial because it is developed to support the implementation of the IMF-backed post-COVID-19 programme of economic growth.
“It comes just after the successful first review of the three-year US43 billion IMF-ECF programme.
“It will also heighten among others 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.”
The administration is now in talks with its foreign creditors about a $10.5 billion debt reduction package.
Prior to this, the Finance Minister made suggestions to its bilateral creditors, China and the Paris Club, asking for additional debt restructuring and a haircut of up to 40% from its commercial creditors.
Source: Marzuuq Issah | Ghana360news.com
