2024 budget Archives - Wontumi Online

08 Dec

Parliament Approves 2024 Budget

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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…

18 Nov

At The End Of 2024, The Youth Will Tell You The Budget Was Made For Them – Alfred Thompson

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Former Deputy Managing Director of the National Investment Bank (NIB), Alfred Thompson, has said that even though Ghana was also hit by global economic challenges, the government was able to manage the situation well. The prudent management of the economic crisis prevented food rationing from taking place in Ghana as happened in some countries, he said. Commenting on the 2024 budget presentation while speaking on the Key Point show on TV3 on Saturday, November 18, the member of the communications team of the governing New Patriotic Party (NPP) said “Even though we are in a serious situation we were able…

18 Nov

Govt Committed To Completing Ongoing Projects – Ofori-Atta Assures

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The Finance Minister, Ken Ofori-Atta, says the government’s 2024 budget is aimed at consolidating and completing ongoing infrastructure projects across the country. Following the presentation of the budget on Wednesday, November 15, 2023, by the Finance Minister, the Minority bemoaned the lack of commitment on the part of the government to clear debt owed to road contractors, which has contributed to about 80 percent of them abandoning sites. Speaking at the post-budget workshop in Parliament, the Finance Minister, Ken Ofori-Atta, said the government will ensure that the debts owed to contracts are cleared to pave the way for the onward…

18 Nov

Parliamentary Debate On 2024 Budget Begins On November 21

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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…

16 Nov

The 2024 Budget Is An Indication Akufo-Addo Led Gov’t Is A Listening Gov’t- US Based Ghanaian Economist

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US based Ghanaian economist and Analytics Consultant, Rexford Thompson Kortey, has described the Akufo-Addo led government as a listening government. He said most of the things contained in the finance minister's presentation is an indication that government listens to his citizen and has put into consideration, most of the concerns raised by Ghanaians. Stressing that his expectations were met. "The things government mentioned in the budget were reflecting exactly what the public have been calling for. This tells that Ghanaians have a listening government, who feels what the citizens are going through and has therefore effected changes. Currently, with Ghana's…

15 Nov

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

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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…

15 Nov

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

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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…

15 Nov

Government Will Not Introduce New Taxes In The 2024 Budget- Collins Adomako Mensah Reveals

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The Member of Parliament for Afigya Kwabre North, Collins Adomako- Mensah has disclosed that there's no indication that government will introduce any new tax in the 2024 Budget statement. He notes that although there have been a lot of calls for the abolishment of some already existing taxes like the COVID levy. However, government will be shooting itself in the foot if it makes such an attempt. "I don't anticipate that government might take off some existing taxes because we need these revenues badly at this moment. There might be some reviews but not a total abolishment. We shouldn't forget…