As the National Democratic Congress (NDC) administration prepares to assume office on January 7, 2025, the party's caucus in Parliament has indicated that incoming Vice President Professor Naana Jane Opoku-Agyemang may present the temporary budget statement. This development comes amid concerns over the outgoing government's failure to deliver the Expenditure in Advance of Appropriation, which would have provided the incoming administration with a three-month window to spend from the public purse ahead of the full budget statement.
The Expenditure in Advance of Appropriation is a critical document that allows the incoming government to meet its financial obligations during the transition period. However, with the current government yet to present the 2025 mini-budget, fears have been raised over funding arrangements for early next year.
In a statement dated December 20, 2024, Minority Leader in Parliament Dr. Cassiel Ato Forson expressed disappointment over the government's failure to present the budget. He assured Ghanaians that steps would be taken to address the development, emphasizing that the Vice President can present the Expenditure in Advance of Appropriation to Parliament after the swearing-in ceremony on January 7, 2025.
Dr. Forson cautioned that the outgoing Akufo-Addo/Bawumia government would be responsible for all unmet commitments and obligations of the state from January 1 to January 7, 2025. This clarification provides reassurance that the incoming administration will not be burdened with unnecessary financial obligations.
The NDC's decision to have Vice President-Elect Naana Opoku-Agyemang present the temporary budget statement demonstrates the party's commitment to ensuring a smooth transition and addressing the financial needs of the country. As Ghana prepares for a new administration, it is essential that the incoming government is equipped with the necessary tools to drive economic growth and development.
The presentation of the Expenditure in Advance of Appropriation by Vice President-Elect Opoku-Agyemang will provide Parliament with the opportunity to expedite approval of the document, ensuring that the incoming administration can meet its financial obligations without delay. As the country navigates this transition period, it is crucial that all stakeholders work together to ensure a seamless handover of power and the continued development of Ghana.
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