Parliament approves GH ¢ 27,400 million for government spending

Business news for Sunday, November 1, 2020

Source: FM class

2020-11-01

Parliament approved government spending before allocation for January to March 2021.

The pre-appropriation spending was presented to Parliament on Wednesday, October 28, 2020 by Finance Minister Ken Ofori-Atta.

The budget was referred to the Finance Committee for its consideration and report in accordance with Article 180 of the 1992 Constitution and the regulations of the House.

Mr. Ofori-Atta requested GH ¢ 27 billion with respect to the period from January to March 2021.

Discussing the minister’s request today, Minority Leader Haruna Idrissu expressed concern about Ghana’s rising debt and expressed concern that this could spell ruin if a new government takes over the country’s affairs. after the elections.

But Majority Leader Osei Kyei-Mensah-Bonsu said the Akufo-Addo-led government, regardless of the challenges, has positioned the economy well to prevent any setbacks in 2021.

Spending prior to appropriation is a standard practice implemented in election years to avoid transition challenges in the proper functioning of the government during the first three months of the year after the elections.