2024 budget

Parliament Approves 2024 Budget
08 Dec

Parliament Approves 2024 Budget

Wontumi2Business
After several twists and turns, parliament has approved the 2024 budget statement and economic policy. The budget was approved on December 7, 2023, via a vote count that garnered 138 yes-s and 136 no-s. The budget approval was contended earlier on November 27, 2023, when the majority MPs walked out of parliament due to the Speaker's decision to use a head count. The Minority had said it would not allow the budget to be approved in its current form as it burdens Ghanaians. The Minority leader, Ato Forson told journalists “The NDC members of parliament were ready to vote against…
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Parliamentary Debate On 2024 Budget Begins On November 21
18 Nov

Parliamentary Debate On 2024 Budget Begins On November 21

Wontumi2Business,
The Parliamentary debate on the 2024 Budget Statement and Economic Policy of the Government will begin on Tuesday, November 21. Mr Osei Kyei-Mensah-Bonsu, the Majority Leader and Leader of Government Business, made the disclosure during his presentation of the Business Statement of the House for the week ending, Friday, November 24. He said following the presentation of the Budget Statement and Economic Policy of Government, a two-day post-Budget workshop was scheduled for the participation of all Members of Parliament (MPs) beginning from Saturday, November 18, to Sunday, November 19, at the Chamber of Parliament House in Accra. He said though…
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Government Will Engage GMA On Waivers For Vehicle Importation – Ofori-Atta
15 Nov

Government Will Engage GMA On Waivers For Vehicle Importation – Ofori-Atta

Wontumi1News,
Finance Minister, Ken Ofori-Atta says government recognises the challenges medical personnel face in providing health care in the country. Delivering the 2024 Budget in Parliament on Wednesday, November 15, he assured that "Government will engage the Ghana Medical Association (GMA) on waivers for importation of vehicles to ease the transportation burden of our doctors." He noted that this would be made possible with the passage of the Exemptions Act. According to him, the policy will enable health professionals to deliver quality and timely healthcare. His assurance comes after the GMA issued new demands to the government on November 13 regarding…
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Ghana’s Economy Is Valued At One Trillion Cedis By End Of 2024 Compared To GHc 219.5Bn In 2016 – Finance Minister
15 Nov

Ghana’s Economy Is Valued At One Trillion Cedis By End Of 2024 Compared To GHc 219.5Bn In 2016 – Finance Minister

Wontumi1Business,
The Minister of Finance Ken Ofori-Atta has told Parliament that Ghana's economy under the Akufo-Addo administration is valued at over One Trillion Cedis. This, he said, is against the GHc219.5billion that was inherited from the Mahama administration in 2016. Presenting the 2024 budget statement on the floor of the House on Wednesday, November 15, the Finance Minister said “The 2024 budget is even more significant because we cross the one trillion  Gross Domestic Product (GDP) mark for the first time in our economic history. “Let me repeat, Ghana's economy, under President Akufo-Addo , in 2024 final year in office is projected to be valued at over One Trillion Cedis in 2025 from…
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Cedi Has Stabilized Against The Dollar, Reflecting Positive Impact Of Robust Economic Activities – Finance Minister
15 Nov

Cedi Has Stabilized Against The Dollar, Reflecting Positive Impact Of Robust Economic Activities – Finance Minister

Wontumi1News,
The Finance Minister Ken Ofori-Atta has said that the Cedi has stabilized against the dollar since early 2023 with a year-to-date, cumulative depreciation of 25.7 percent compared to 54.1 percent over the same period in 2022. Specifically, he said, the Cedi has only depreciated by 6.4 percent on a cumulative basis since February 2023 compared to 53.9 percent over the same period in 2022. “The stability of the Cedi largely reflects the positive impact from the restoration of economic activity,” he told Parliament while presenting the 2024 budget statement on Wednesday, November 15. The Finance Minister further said that the Akufo-Addo administration was determined to maintain discipline in order to keep…
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We Turned The Corner When We Successfully Completed First Review Of IMF Deal – Finance Minister
15 Nov

We Turned The Corner When We Successfully Completed First Review Of IMF Deal – Finance Minister

Wontumi1News,
The Finance Minister Ken Ofori-Attahas said that the Akufo-Addo administration is determined to maintain discipline in order to keep the economy stable. He said the government had turned the corner relative to the economic challenges when it successfully completed the first review of the 3-year 3 billion International Monetary Fund External Credit Facility (IMF-ECF) programme. “We turned the corner when we completed the IMF first review,” he told Parliament while presenting the 2024 budget statement on Wednesday, November 15. He further assured that the government is poised to “maintain stability and keep growing.  and ensure increased growth, currency stability” “We turned the corner when inflation started declining from 54 1 in…
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Government’s revenue and expenditure measures in 2024 budget and tax reliefs
15 Nov

Government’s revenue and expenditure measures in 2024 budget and tax reliefs

Evans ManassehNews, ,
Finance Minister Ken Ofori-Atta has outlined some moves geared towards cushioning the citizenry. This is a result of what the Minister describes as efforts to give significant relief to the private sector until expenditure pressures. Regarding the Revenue Measures, he said, “Notwithstanding the efforts made by the Government so far, there still exists a significant VAT gap that needs to be urgently addressed to improve revenue performance. In this respect, the following measures will be put in place: i. the Commissioner-General's certified invoice will be the basis for all deductible expenses for income tax purposes; ii. the second phase of…
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2024 BUDGET SHOULD PROVIDE A RELIEF FOR GHANAIANS – DR FRAND BANNOR
15 Nov

2024 BUDGET SHOULD PROVIDE A RELIEF FOR GHANAIANS – DR FRAND BANNOR

Evans ManassehNews
An economist, Frank Bannor this morning took viewers and listeners of Wontumi TV and Rio through lessons on what to expect in the impending 2024 budgets statement to be delivered to the nation by Finance Minister, Ken Ofori-Attah. Mr Bannor said the Finance Minister's statement will have to focus extensively on how the economy has improved especially given the value of the Cedi against the Dollar as the basis of explaining the success of the government's micro economic policies. "What most Ghanaians are expecting today is that the finance minister will not add any tax to the existing once and…
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Reinstate road tolls in 2024 budget- Concerned Drivers
14 Nov

Reinstate road tolls in 2024 budget- Concerned Drivers

Evans ManassehNews, ,
The Concerned Drivers Association is calling on the government to reintroduce the collection of road tolls nationwide in the 2024 budget, scheduled for presentation to Parliament by Finance Minister Ken Ofori-Atta. In an interview with Citi News, the Association’s Public Relations Officer, David Agboado, stressed the critical need for the government to address road infrastructure challenges. “Our roads are in a very deplorable state, and the government should address this by reinstating toll services. This way, our physically challenged brothers and sisters will also find employment opportunities and contribute to fixing the roads.” The association is also urging the government…
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