Finance Minister Dr. Mohammed Amin Adam on Thursday, January 2, presented the first-quarter budget for 2025.The outgoing government has requested 68.1 billion cedis to fund its operations until the new administration, led by John Mahama, presents the main budget for 2025. This temporary budget will cover public sector salaries, necessary payments, critical infrastructure maintenance, and social programs.
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Second Deputy Speaker of Parliament, Andrew Asiamah Amoako referred the document to the Budget and Finance Committees for detailed review. The committees are tasked with scrutinizing the figures and policies before reporting back to the House for debate and approval.The mini-budget is essential for the Ghanaian government to address economic challenges and set the country on a path toward sustainable growth and development.
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Initially scheduled for presentation on December 19, 2024, the budget was delayed primarily due to a disagreement between the then minority NDC and majority NPP in Parliament over some outstanding government business, notably some request for tax waivers.Additionally, the Finance Minister’s failure to appear on the originally scheduled date led to further postponements, pushing the presentation to
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yesterday.
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