In a momentous event poised to shape the fiscal trajectory of Ghana, Dr. Mohammed Amin Adam, the Finance Minister, is scheduled to deliver the eagerly anticipated 2024 Mid-Year Budget Review before Parliament on Tuesday, July 23, 2024.
The core objective underpinning this momentous presentation revolves around providing a comprehensive update to the august House regarding the progress made in executing the government’s 2024 Budget, alongside furnishing revised financial strategies and an updated economic projection for the nation.
According to a formal communication released by the Ministry, dated Monday, July 22, the impending review seeks to encapsulate a detailed account of the actualization of the 2024 budget, shedding light on the economic and fiscal performance markers witnessed during the opening six months of the year.
Key areas earmarked for illumination include growth metrics, revenue generation status, expenditure management efficiency, insights into financing mechanisms, and the critical aspect of debt sustainability.
Moreover, as part of the thorough presentation agenda, the Finance Minister is poised to apprise the legislative body on the progression linked with the implementation of the ongoing US$3 billion International Monetary Fund (IMF) credit facility Post-COVID-19 Programme for Economic Growth (PC-PEG).
This milestone occasion marks Dr. Amin Adam’s inaugural appearance before Parliament since assuming the pivotal role of Finance Minister back in February 2024, adhering to the stipulations enshrined within Section 28 of the Public Financial Management Act, 2016 (Act 921).
With expectations high and the national spotlight trained upon this impending address, stakeholders across various sectors keenly await the valuable insights and policy directives that will transpire during this significant juncture, which undoubtedly holds the potential to steer the country towards sustainable economic prosperity and societal well-being.
By Vincent Kubi