Dr. Gideon Boako, the Member of Parliament for Tano North, has argued that the National Democratic Congress (NDC) government’s rising expenditure is a result of the solid economic groundwork laid by the previous administration. Speaking during the parliamentary debate on the 2025 budget statement, he pointed out that the strong financial stability left behind by the former government has given the NDC the ability to propose increased spending. He noted that despite the NDC’s initial promise to restructure the economy and reduce government expenditure, their current financial strategy contradicts that pledge. According to Dr. Boako, the government is now seeking more funds for various projects, which he attributes to the expanded economic capacity developed under the previous administration. He emphasized that had the economy not been strengthened beforehand, the NDC would not have had the ability to propose such a substantial budget increase.
Dr. Boako provided numerical evidence to support his argument, highlighting that the current government has proposed a budget of GH¢290 billion for 2025, a significant increase from the GH¢250 billion allocated in 2024. He argued that this sharp rise in expenditure goes against the NDC’s earlier stance of fiscal restraint and economic restructuring. He questioned why a government that campaigned on cutting spending would now be requesting even more financial resources. According to him, this proves that the previous government’s economic policies were effective in driving growth, allowing the NDC to expand spending without facing immediate financial difficulties. Dr. Boako insisted that this trend is a clear indication that the economy had already been put on a stable path before the NDC took over, making it easier for them to operate without major financial constraints. He stressed that without the foundation laid by the previous administration, the current government would have had less fiscal space to increase its budget.
His comments added to the ongoing parliamentary debate on the 2025 budget, sparking discussions among lawmakers about economic management and government spending priorities. While NDC representatives argue that their proposed budget aligns with their development plans and economic sustainability efforts, the opposition maintains that the ruling government is reaping the benefits of an economy that was already thriving before they assumed office. This debate highlights the broader political divide on economic policies, with each party seeking to take credit for the country’s financial progress. As Parliament continues to review the budget, stakeholders across various sectors are closely monitoring the discussions, eager to see how these financial decisions will impact Ghana’s economic growth and overall development in the coming years. The outcome of these deliberations will play a key role in shaping the country’s economic policies and government expenditure strategies moving forward.
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