Friday, 08 December

2024 budget designed to safeguard gains, expand investment, complete projects, clear arrears – Ofori-Atta

Ken Ofori-Atta, Finance Minister

The 2024 budget has been prepared "to ensure the accelerated implementation of the PC-PEG [Programme for Economic Growth] to safeguard the recent macroeconomic gains, expand investments to implement the new growth strategy, and chart a new course, consolidate and complete ongoing projects to improve productivity and welfare," Finance Minister Ken Ofori-Atta has told MPs at a post-budget workshop in parliament on Saturday, 18 November 2023.

It is also designed to "mobilise climate finance to enable us to build resilience and promote climate-sensitive growth", Mr Ofori-Atta said.

On the provision of growth, including the clearance of road arrears in the 2024 budget, Mr Ofori-Atta said: "This government wants to demonstrate our resolve to build a robust infrastructure network".

"On statutory funds, we have budgeted for arrears clearance", he said.

However, Minority Leader Cassiel Ato Forson said: “Overspending is the order of the day in an election year, and to satisfy unplanned campaign promises, projects are hurriedly commenced without dedicated funding sources, and organised labour is assured of improved conditions of service without regard to its impact on the wage bill.”