Ghana's Parliament is at a standstill as the Finance Minister fails to present the 2025 First Quarter Budget for the third consecutive day. The delay has sparked frustration among Members of Parliament, particularly those from the NDC caucus, who are pressing for the urgent passage of the budget to address economic concerns and ensure the smooth functioning of the government.
According to the Ministry of Finance's 2025-2028 Budget Preparation Guidelines, the Finance Minister was expected to present the budget to Parliament by the first quarter of 2025 ¹. However, the continuous absence of the Finance Minister has raised questions about the commitment of the outgoing administration to fulfilling its fiscal responsibilities.
The delay has also sparked concern among economic analysts, who warn that failing to present and approve the budget in a timely manner could disrupt government operations and public services. As the nation waits for clarity, the delay adds to a growing sense of uncertainty surrounding the government's ability to manage its remaining responsibilities effectively.
"This is unacceptable," an opposition MP complained. "Parliament has been sitting for days, yet the Finance Minister has not shown up to present the budget. This is not just a failure of duty but a disregard for the country's financial stability."
The implications of the delay are far-reaching. Government workers risk not receiving their January-March salaries if the budget is not approved. This would not only affect the livelihoods of government workers but also disrupt the smooth functioning of the government.
Professor Lord Mensah expects the 2025 Q1 budget to focus on deficit reduction and economic stabilization. However, with the continuous delay in presenting the budget, it remains uncertain whether these expectations will be met.
As Ghana navigates this politically sensitive period, the smooth passage of the budget is seen as pivotal to ensuring fiscal stability and investor confidence. The nation waits with bated breath for the Finance Minister to present the budget and provide clarity on the government's fiscal plans.
In the meantime, Parliament remains at a standstill, with no clear resolution in sight. The NDC caucus and economic analysts urge the Finance Minister to act swiftly to prevent further disruptions to government operations and public services.
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