Audio By Carbonatix
Minority Leader, Alexander Afenyo-Markin, has criticised the 2025 budget, describing it as uninspiring and a failure to address the needs of the private sector.
For the past two weeks, Parliament has been debating the budget statement, with lawmakers expected to pass the Appropriation Act by Friday.
During the concluding session of the debate, Mr Afenyo-Markin argued that the budget is riddled with contradictions and does not offer meaningful solutions for economic growth.
He explained that the budget only aims to "kill private sector initiative".
"It is the reason why they are unable to tell us a single initiative for the private sector. I ask a question: What is the work of the Trade Minister? They say they have an adviser for the 24-Hour Economy. What is his work? And they've loaded so many people at the Office of the Vice President; Advisor here, Chief of Staff here, How many Chiefs of Staff do you have at the presidency?"
However, Majority Leader Mahama Ayariga pushed back against these claims, accusing the Minority Leader of misunderstanding how budgets work.
He defended the budget, calling it a "promise-fulfilling document" that outlines the government's commitment to economic recovery.
Meanwhile, Finance Minister Dr. Cassiel Ato Forson urged MPs from both sides of the House to support the budget, emphasising that its implementation is crucial to achieving sustainable economic growth.
"The budget is one that is people-centered with innovative solutions to address our deep-seated socio-economic issues. Mr Speaker, it addresses our economic challenges, provides the necessary environment for business growth, introduces a 24-Hour Economy Initiative, provides economic opportunities, creates the atmosphere for providing ample jobs for our citizens...
"Mr Speaker, we will take on board the constructive criticisms that we have received on the floor of this house to reset the economy of Ghana and to deliver the Ghana we all want. This year, Mr Speaker, we have set for ourselves key targets and we believe these targets will be achieved."
Latest Stories
-
Farmers trained in snail rearing, beekeeping and mushroom cultivation under EMBRACE project
16 seconds -
Insurance contracts railroaded by unseen political hands – IMANI
6 minutes -
When Builders Are Broken: A nation’s conscience on trial
11 minutes -
Otto Addo: A pointless that failed spectacularly
11 minutes -
Bond market: Turnover declines by 59% to GH¢377.59m
22 minutes -
Touching children’s lives elevates me – James Kofi Annan
24 minutes -
Police arrest man over viral threats against High Court judge
25 minutes -
Parliament submits five bills to President Mahama for assent
29 minutes -
Otto Addo lacked credentials for Black Stars job – Ekow Asmah
35 minutes -
74% of SMEs collapse within 5 years; experts call for urgent business structuring reforms
36 minutes -
Agbodza commends Maripoma Enterprise for progress on Tema Motorway project
37 minutes -
Justice Dela Amevor leads PTA to deliver new girls’ dormitory at Anlo Technical Institute
38 minutes -
Ga Mantse urges strict enforcement of building regulations after Accra New Town tragedy
40 minutes -
Germany commissions border Sheds to boost Ghana’s immigration operations at Aflao
45 minutes -
Sam Jonah’s concerns fuel IMANI’s petition to Mahama over political interference in insurance sector
46 minutes
