Speaker of the Parliament Alban Bagbin recently voiced his misgivings about lending too much support to Finance Minister Ken Ofori-Atta’s 2024 budget proposal.
Bagbin emphasized the value of a thorough study and due diligence procedure before approving the documents.
The Speaker underlined at a post-budget workshop held in Parliament the importance of closely monitoring the budget. Bagbin acknowledged that Parliament is essential to guaranteeing the wellbeing of the nation and urged lawmakers to prioritize the needs of the constituents they represent.
“It is our duty to strive to improve upon the welfare of the people we serve. Even though we see this as business as usual for Parliament, this time around, it’s more critical than before. This budget is a critical budget, and I want us to take time because leadership has discussed it with me, and we have enough time for you to deliberate on the budget. We are, therefore, expecting that you will not come and just make political statements or propaganda. Please listen to the voices of our people and do a critical analysis of the budget,” Bagbin said.
In his address to Parliament on Wednesday, November 15, 2023, the Finance Minister disclosed that the economy is expected to expand from GH¢219.5 billion in 2016 to a historic GH¢1 trillion in 2024.
He continued by saying that inflation has started to decrease since the economy is getting better.