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23rd November 2022 12:48:36 PM
2 mins readBy: Chris Kodo
Founder of the Danquah Institute think tank, Gabby Asare Otchere-Darko, says Ghana's economic crisis could worsen should the 2023 Budget not be passed on time.
According to Mr Otchere-Darko, the budget to be presented on Thursday, November 24, cannot suffer the fate of the previous one, referring to the 2022 Budget that saw a long debate and a protracted procedure.
He argued that failure to pass the budget could derail the progress made with the International Monetary Fund (IMF) for a bailout.
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.
— Gabby Otchere-Darko (@GabbyDarko) November 23, 2022
Private legal practitioner and a member of the governing New Patriotic Party (NPP) has called on the Minority to support Mr Ofori-Atta.
Meanwhile, the Majority in Parliament has rescinded its decision to be absent from the Chamber when Finance Minister, Ken Ofori-Atta, presents the 2023 budget and economic statement.
The Majority’s earlier position was that Mr Ofori-Atta could no longer be the face that represents the economy, thus should be replaced.
As part of measures to ensure the president accepts their request, some 98 NPP MPs threatened to boycott the budget reading.
Their actions prompted an intervention by the leadership of the ruling New Patriotic Party.
On November 22, 2022, the leadership of the NPP engaged the Caucus to find an amicable resolution to the impasse.
After deliberation, the party's leadership resolved that the President will act on the earlier demands of the MPs after the 2023 budget has been read and appropriated.
In view of this, the Majority Caucus has decided that its members will attend to all government business in the house, particularly, the 2023 Budget Statement and Economic Policy and all related matters.
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