Wednesday, 29 July

Majority defends Finance Minister’s spending; cites investments in health, education and social protection

News
Prof Titus Kofi Beyuo

The Majority in Parliament has defended the Finance Minister’s expenditure decisions, rejecting claims that government is withholding public funds and insisting that spending in 2025 has been targeted and fiscally prudent.

Contributing to the debate on the floor of Parliament, the Member of Parliament (MP) for Lambussie, Professor Titus Kofi Beyuo, said government was prioritizing responsible spending that delivers tangible benefits to Ghanaians rather than engaging in what he described as reckless expenditure.

“If spending is spending recklessly then the Finance Minister is indeed not spending. But if it is spending prudently then he is spending,” Professor Beyuo told the House.

He maintained that the Finance Minister had demonstrated fiscal discipline while ensuring resources were directed toward key sectors, noting that GH₵144 million had been released to settle essential allowances.

The Lambussie legislator highlighted government investments in the health sector, stating that GH₵1.1 billion had been allocated to the Ghana Medical Trust Fund, popularly known as “Mahama Care”, to support the treatment of patients with chronic and life-threatening illnesses.

According to him, this intervention has already produced results, citing 22 patients who recently underwent complex cardiac procedures at the Korle Bu Teaching Hospital—treatments that would otherwise have required medical travel outside Ghana.

Professor Beyuo also pointed to the release of GH₵4.5 billion to the National Health Insurance Authority (NHIA), describing it as evidence of government’s commitment to improving access to healthcare and sustaining the National Health Insurance Scheme.

On education, he said government had disbursed GH₵533 million under the “No Fees Stress” initiative to support first-year students entering tertiary institutions, easing the financial burden on families and expanding access to higher education.

He further underscored government’s commitment to social protection, stating that GH₵485 million had been invested in programmes aimed at lifting about 950,000 people out of multidimensional poverty.

“The conscience of the nation is judged by how it takes care of the most vulnerable,” he said, arguing that the expenditure reflects government’s commitment to improving the lives of disadvantaged Ghanaians.

Professor Beyuo maintained that the figures demonstrate that government is not freezing expenditure but rather directing resources to priority sectors that have a direct impact on healthcare, education and social welfare.

He made these comments during a parliamentary debate on the country’s fiscal performance where members from both sides of the House presented contrasting assessments of the government’s economic management.

Source: classfmonline.com/Gordon Sackitey