Prime News Ghana

Ofori-Atta to present 2024 budget today

By Vincent Ashitey
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Finance Minister Ken Ofori-Atta will present the 2024 Budget Statement and Economic Policy of the Government to Parliament today, Wednesday, November 15.

This is in accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921).

A statement from the Finance Ministry explained that the 2024 Budget is crucial because it is developed to support the implementation of the International Monetary Fund (IMF)-backed Post Covid-19 Programme of Economic Growth (PC-PEG).

It added that the Budget will highlight, among others, the performance of the economy, efforts to boost the productive capacity of the economy through the new Growth Strategy, fiscal measures, and debt management strategies to deepen stability and promote growth.

“In line with usual practice, Government will undertake a comprehensive post-Budget stakeholder engagements to explain the various policy to the public”.

Ahead of today's presentation, inflation has declined for the third consecutive time, with the rate dropping to 35.2 percent in October. 

This represents a 2.9 percentage point decrease from the 38.1% recorded in September.