Ken Ofori-Atta, the under-fire finance minister, will give the government's 2023 annual budget statement and economic policy to Parliament today, November 24, 2022.
The Finance Minister will carry out this constitutional task on the President Nana Addo Dankwa Akufo-behalf. Addo's
The 2023 Annual Budget Statement and Economic Policy of Government will be laid before Parliament on Thursday, November 24, 2022, in accordance with Article 179 of the 1992 Constitution and Section 21 of the Public Financial Management Act, 2016 (Act 921), according to a statement from the Finance Ministry.
The government's plans to rebuild and stabilize the macroeconomic environment, foster resilience, and encourage inclusive growth and value creation will be the main topics of the budget, according to the Ministry of Finance.
It will also include updates on Ghana's interaction with the IMF for a program that is supported by the IMF, the economy's year-to-date macrofiscal performance, the YouStart initiative under the Ghana CARES Program, strategies for addressing climate change, fiscal measures, and debt management plans that will ensure fiscal and debt sustainability and foster growth.
Over 95 Members of Parliament from the New Patriotic Party have called for Mr. Ofori-removal Atta's as a result of his continuing clinging to the Finance Ministry.
He is also presently the subject of a vote of censure investigation by an 8-member ad-hoc Committee looking into 7 allegations of financial misdeeds against him.
The Public Interest and Accountability Committee has verified the Minority Caucus' allegations that he misappropriated $100 million in crude oil money and charged him of financial dishonesty (PIAC).
The New Patriotic Party's leadership intervened to break the standoff after certain Majority MPs threatened to boycott the budget reading.
Due to the current economic crisis, Ghana is currently asking the International Monetary Fund for a $3 billion bailout package. The negotiations have not yet come to an end.