Sunday, 05 January

Finance Minister seeks GH¢68.1 billion for Q1 2025 expenditure

Business
Dr. Mohammed Amin Adam

The Minister of Finance, Dr. Mohammed Amin Adam, has presented an Expenditure in Advance of Appropriation to Parliament, requesting GH¢68.1 billion to fund essential government operations from January to March 2025.

This mini-budget is designed to ensure the uninterrupted functioning of government services during the first quarter of the year, bridging the financial gap until the incoming administration presents a full-year budget.

The proposed allocation will cover critical areas such as public sector salaries, statutory obligations, infrastructure maintenance, and social intervention programs.

Dr. Amin Adam’s submission fulfils constitutional requirements aimed at preventing fiscal disruptions during political transitions.

Second Deputy Speaker of Parliament, Andrew Asiamah Amoako, has referred the proposal to the Budget and Finance Committees for review.

These committees will analyze the figures and accompanying policies before presenting their report to the House for debate and approval.

The mini-budget’s approval is crucial to maintaining continuity in governance and public service delivery during the transitional period.

Source: Classfmonline.com/Cecil Mensah