Finance Minister Ken Ofori-Atta has criticized the involvement of Parliament in approving or rejecting a budget statement, referring to it as an “unnecessary intervention.”
This statement comes after a walkout by the Majority in Parliament over the approval of the 2024 budget, which led to the suspension and adjournment of the sitting.
Speaking at the Ghana Capital Markets Conference, Ofori-Atta questioned the need for such drama during the budget passage and suggested that disagreements should focus on appropriation issues rather than the budget statement itself.
He argued that Parliamentary approval should only be required for the principles and objectives of the budget, and not for the specific details. Ofori-Atta emphasized that a budget aimed at macro stability, relief for the people of Ghana, and economic growth would likely receive widespread support.
He concluded by suggesting that the issue of appropriation and estimation should be the focus of judgment, rather than the approval of the budget statement itself.
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