Audio By Carbonatix
President of Imani Africa, Franklin Cudjoe, has praised the government’s 2025 budget presentation, describing it as a breath of fresh air.
However, he raised concerns over the absence of a clear implementation plan for key programmes, including the 24-hour economy initiative.
“The budget was straightforward, well-presented, and without unnecessary jargon. You don’t need too many words. So it is a breath of fresh air,” Cudjoe said.
“This is one of the few budgets that the average Ghanaian can listen to and make sense of. It is well-structured and clearly presented. But beyond the clarity, the substance of some policies remains a concern,” he added.
Speaking in an interview on Asempa FM’s Ekosii Sen following Finance Minister Dr. Cassiel Ato Forson’s budget presentation on Tuesday, March 11, Cudjoe noted that while the budget outlines key policies, it lacks detailed execution strategies.
Dr. Forson announced that the government will soon present its proposed 24-hour economy policy to Parliament, assuring that measures are being put in place to ensure a smooth rollout, including incentives for businesses willing to extend operations beyond traditional working hours.
As part of the government’s economic transformation strategy, he noted that the policy would serve as a catalyst for industrial growth and investment.
However, Cudjoe has called for a transparent financial framework to prevent the collapse of social programmes due to funding shortfalls.
“The President and his government have spoken about the 24-hour economy, but there is little in the budget that explains how it will work.
“We were expecting clear policy guidelines, funding commitments, and incentives for businesses, but what we got instead is a promise that a document will be released later,” he lamented.
He cautioned that the policy’s implementation will be difficult if there is no clarity on well-defined strategies and incentives.
“These are not necessarily bad policies, but they are modest. They are unlikely to make a major impact on the unemployment crisis we face. If we are serious about job creation, we need bigger, well-funded interventions,” he argued.
Latest Stories
-
Ghana’s economy now resilient enough to withstand external shocks – Mahama
9 minutes -
Cocoa price adjustment painful but necessary to sustain sector – COCOBOD CEO
16 minutes -
No single African country will be treated in a manner that is preferential or advantageous – Patrice Motsepe
35 minutes -
Removal of GH₵1 levy won’t automatically lower pump prices – Arko Nokoe
48 minutes -
Decision to strip Senegal of AFCON title reflects independence of institutions – CAF President
53 minutes -
Energy Committee Vice Chair assures Ghanaians on stability amid fuel prices
1 hour -
Mahama hails 48 Engineer Regiment after successful disaster recovery mission in Jamaica
1 hour -
Rising crude prices expose flaws in ‘One Ghana Cedi’ levy – NPP MP
2 hours -
TechServe Employability Programme launched to deploy females in ICT into startups
2 hours -
Parliament passes Security and Intelligence Agencies Bill, renames NIB to BNI
2 hours -
Ghana’s fuel supply secure, but prices remain uncertain – Bulk Oil Distributors
2 hours -
Adu Boahene’s case: I’m not aware of theft or missing GH¢49m – Prosecution witness tells court
2 hours -
Ghana Deposit Protection Amendment Bill 2025 passed
3 hours -
Minority Leader warns of neglect in agriculture amid focus on gold for reserves
3 hours -
Minority alleges ‘state capture’ in mining sector, points to Ibrahim Mahama’s influence
3 hours
