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

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.”
Source: classfmonline.com
Trending News
Memphis University threatens to drop Ghanaian scholarship students over unpaid fees by gov’t
14:19Indian Prime Minister Narendra Modi makes historic visit to Ghana, first in 30 years
07:24Martyrs Day: NDC Legal Director slams attempts to link PNDC to NDC
02:39John Apea to lead clemency petition for Ato Essien on justice and human rights grounds
14:08W/R: GoldBod taskforce cracks down on 10 Chinese gold smugglers
21:30E/R: Afram Plains South faces critical health worker shortage, UNICEF promises support
01:56Defence Minister confirms withdrawal of military protection for Jean Mensa
14:02Ghana Gold Board to channel seized illegal mining assets into community development
15:40GJA elections: Albert Sore elected Upper East Regional Chairman
01:45Commonwealth official to lead petition for pardon of Ato Essien
13:56