Sunday, 25 February

Ofori-Atta presents 2024 budget today

Business
Ken Ofori-Atta - Finance Minister

Finance Minister Ken Ofori-Atta is to lay a two-part document before parliament today, 15 November 2023, as he presents the 2024 budget to parliament.

They would be an economic programme for next year and then the 2024 budget itself, Information Minister Kojo Oppong Nkrumah has revealed.

Mr Nkrumah said the "idea is to deepen stability, get the economy growing to create some more jobs, try and bring down the cost of living and while at that, inflation, as well". 

"You'll see that find expression fully in the economic policy that would be laid before parliament", Mr Nkrumah told local media. 

"Then you come to the fiscals or the budget itself that underpins this economic policy. You'll recall that the fiscal framework has already been signed off, as part of the ECF facility that we signed with the IMF and, so, there's a fiscal path that we are on, which is aimed at narrowing or reducing our deficit position", he said. 

"I think in the year before, we were at negatibe 3.5 or negative 4.5. In this current year we've been trying to do a negative 0.5 and I think next year, it's supposed to be a positive 0.5", he explained. 

"So, that fiscal path has already been approved and I think we will be continuing on that fiscal path even with the fiscal framework that underpins this year's economic policy and I guess that's what most Ghanaians should be looking forward to in the budget part of the two-part document that would be presented before parliament", Mr Nkrumah told the media.

Source: Classfmonline.com