Finance Minister Presents Long-Awaited Mini-Budget
Accra, Ghana - 2 Jan, 2025 - Ghana's Finance Minister, Dr. Mohammed Amin Adam, has presented the long-awaited mini-budget for the first quarter of 2025, ending weeks of uncertainty that led to a government shutdown at the start of the year.
The mini-budget, valued at 68.1 billion cedis, aims to keep the government running until the incoming administration, led by President-elect John Mahama, presents its comprehensive budget for 2025. The document has been referred to the Budget and Finance Committees for scrutiny, after which it will be debated and approved by the House.
The temporary budget will cover essential expenses, including public sector salaries, statutory payments, infrastructure maintenance, and social intervention programs. The delay in presenting the mini-budget was due to disagreements between the outgoing government and the opposition over tax waivers and other outstanding issues.
Parliament's adjournment on December 20, 2024, without approving the mini-budget, sparked concerns about government operations during the transition period. The Finance Minister's failure to appear in Parliament further exacerbated tensions, with both sides engaging in a blame game.
Source: Lead News Online
