Audio By Carbonatix
The Finance Minister Dr Mohammed Amin Adam, has finally presented the first quarter of the 2025 budget after weeks of delay which led to a government shutdown at the start of the New Year.
The mini budget was stuck in the middle of a disagreement between the then minority NDC and majority NPP in Parliament over some outstanding government business notably some request for tax waivers.
The outgoing government is requesting 68.1 billion cedis to keep the government running until the incoming John Mahama government presents its substantive budget for 2025.
Second Deputy Speaker of Parliament, Andrew Asiamah Amoako referred the document to the Budget and Finance Committees for detailed review. The committees are tasked with scrutinizing the figures and policies before reporting back to the House for debate and approval.
The temporary budget will take care of the salaries of public sector workers, statutory payments, critical infrastructure maintenance, and fund the government's social intervention programmes.
On December 20th, 2024, Parliament adjourned without the reading of the mini-budget statement.
The Vote on Account, a provisional financial measure, was essential for government operations until the full 2025 budget is approved by the incoming administration.
However, parliamentary proceedings were stalled when the Finance Minister failed to appear, leaving members, especially on the NDC side frustrated.
Both sides of the House engaged in blame game for the situation.
Latest Stories
-
Cocoa Bill: Parliament caught constitutional flaw in mining provision before passage – Jerome Sam
1 hour -
Car bomb kills eastern Libyan military intelligence chief, sources say
2 hours -
Oil steadies near one-week highs as US-Iran peace deal hopes dim
2 hours -
Meta launches new AI model as Zuckerberg champions open-weight push
2 hours -
US court rules Meta, other tech firms must face thousands of lawsuits over social media addiction
2 hours -
Trump Media reports $238m loss as crypto falls
2 hours -
Intel plans $15 billion share sale as turnaround rally lifts stock
4 hours -
Minority has opposed Cocoa Bill from the onset – COCOBOD
4 hours -
We should smile at our dogs – a new scientific study reveals why
5 hours -
England set to eliminate hepatitis C
5 hours -
Nvidia gets $500bn from major investors to develop AI infrastructure
5 hours -
At least 132 killed in Colombia’s largest earthquake in years
5 hours -
Trump signs order to limit childhood vaccines and split MMR shots
5 hours -
The lonely Chinese men being conned by fake brides
5 hours -
Minority’s narrative is unfounded – COCOBOD fires back over controversial Cocoa Bill
6 hours