Information Minister Kojo Oppong Nkrumah has urged the Majority and Minority sides of parliament to collaborate to get a feasible budget programme that will propel the Ghanaian economy onto the path of recovery.
In a post on Twitter, the minister gave a hint that the government’s economic blueprint for next year, which will be presented to parliament on Thursday, 24 November 2022, will focus on prudent economic policies that will help reboot the economy, hence, needs the collaboration of both sides of the house.
“The 2023 budget is supposed to be the foundation of our recovery. The Majority and Minority will have to work together in the national interest to arrive at a feasible budget programme,” he tweeted.
Hinting at some critical pillars of the budget, the minister said it would focus on restoring macroeconomic stability, arresting the escalating cost of living, achieving moderate growth and completing ongoing government projects across the country.
He said the budget statement is a prerequisite for securing an IMF deal and, therefore, must be carefully crafted in order to get the buy-in of all segments of society.
Meanwhile, Danquah Institute founder Gabby Asare Otchere-Darko has said Thursday’s budget is “crucial”.
The president’s cousin said the 2023 budget cannot “suffer a fate similar to the 2022 budget and its revenue measures”.
Mr Otchere-Darko warned that ongoing talks with the International Monetary Fund could suffer a jolt if the budget does not go through.
“It could completely derail negotiations with the Fund if not passed”.
“Critical to this”, he noted, “are its revenue generation measures”.
“We plead the NDC joins NPP in this for Ghana”.
Thursday’s 2022 budget is crucial. It can’t suffer a fate similar to the 2022 budget and its revenue measures. It could completely derail negotiations with the Fund if not passed. Critical to this are its revenue generation measures. We plead the NDC joins NPP in this for Ghana.
