Finance Minister Dr. Mohammed Amin Adam is scheduled to present the 2024 Mid-Year Budget Review in Parliament on Tuesday, July 23, 2024.
Deputy Majority Leader Patricia Appiagyei made this announcement, stating that the Finance Minister will revise the government’s projections for the year in light of the recently announced IMF balance of payment support.
This presentation is expected to provide updated financial plans and economic outlook for Ghana.
“Mr Speaker, the business committee has programmed the minister for finance to present a statement on the Mid-Year Review of Budget Statement and Economic Policy of the government for the 2024 financial year on Tuesday, July 23, 2024,” the Deputy Majority Leader said.
The Minister of Employment and Labour Relations will also address the House regarding the strike action by the Civil and Local Government Staff Association, Ghana (CLOGSAG).
In total, ten ministers are expected to attend Parliament to respond to 66 questions, including six urgent and 60 oral questions.
The ministers scheduled to attend include those from Local Government, Decentralisation and Rural Development; Interior; Energy; Gender, Children and Social Protection; and Roads and Highways. Additionally, the ministers of Transport, Employment and Labour Relations, Trade and Industry, the Attorney General and Minister of Justice, and Fisheries and Aquaculture Development will also be present.
The upcoming presentation will provide updates on the implementation of the 2024 Budget, offering insights into the economic and fiscal performance for the first half of the year.
To accommodate the heavy workload, the Business Committee has scheduled parliamentary sittings on Mondays, starting from July 15, 2024. Additionally, extended sittings will continue throughout the week.
The Finance Minister, Dr. Mohammed Amin Adam (MP), will today, July 23, 2024, present the mid-year budget statement and economic policy of the government per Section 28 of the Public Financial Management Act, 2016 (Act 921).
This will be the first time the Finance Minister will be making a statement in Parliament since he assumed the position.
He is expected to provide an update on the implementation of the 2024 budget with insights into the economic and fiscal performance for the first half of the year.
His update will also include growth measures, revenue and expenditure performance, financing, debt sustainability, and related matters, as well as the IMF-supported Post-COVID-19 Programme for Economic Growth.
The Finance Minister will also present a document which will highlight the implementation for the rest of the year and possible review of proposed policies on growth with a focus on SME growth, status on implementation of key government programmes, revenue measures and expenditure controls and financing adjustments based on the half-year performance.