Parliament begins debate on 2023 budget today

29th November 2022

Parliament will today, Tuesday, 29 November 2022, begin debate on the 2023 budget statement.

The budget presented by the Minister of Finance, Ken Ofori-Atta on Thursday, 24 November 2022 focused on the government’s strategies to restore and stabilise the macro economy, build resilience, and promote inclusive growth and value creation.

It featured prominent matters including providing an update on Ghana’s engagement with the IMF for a $3 billion support programme, climate change strategies, the YouStart initiative under the Ghana CARES Programme, year-to-year macro-fiscal performance of the economy, fiscal measures and debt management strategies to ensure debt and fiscal sustainability and promote growth.

Portions of the budget especially a freeze on public sector employment have been met with opposition as stakeholders lament the impact it will have on the teeming youth.

The increase in VAT has also been criticised by the business community.

What do you think?

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