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Ofori-Atta to submit mid-year budget review today

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Ofori-Atta to submit mid-year budget review today

Today, Monday, July 31, 2023, the Minister of Finance, Ken Ofori-Atta, will submit the 2023 mid-year budget review in Parliament.

The presentation was originally set for July 27, 2023, but was rescheduled for July 25, 2023, only to be cancelled.

“In accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921), the Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy of the Government of Ghana for the 2023 Financial Year, is expected to be presented to Parliament on Monday, 31st July 2023,” the Finance Ministry announced in a statement.

The presentation will give an update on the execution of the 2023 Budget, as well as insights into the first half of the year’s economic and fiscal performance.

It will go through measures put in place to stabilise the economy, encourage growth, and protect the vulnerable, as specified in the IMF-backed Post-COVID-19 Programme for Economic Growth (PC-PEG).

The budget-review statement will describe the fundamental imperatives to restore macroeconomic stability and drive Ghana’s economic transformation, with an emphasis on the forecast.

According to the Finance Ministry, the problems that will be highlighted include structural changes in expenditure commitment control and arrears clearing; debt management; financial stability; and a growth plan, among others.

“In line with usual practice, we wish to indicate that Government will undertake the Post-Budget Engagements to explain the various policy choices to the public,” the Ministry of Finance added in its statement.

MPs share expectations 

Members of Parliament discussed their expectations for the mid-year budget review in an interview with Citi News.

They expressed optimism that the government will lower taxes, consolidate multiple taxes, and increase financing for the educational sector and the school food scheme.

They also voiced worry about the high percentage of youth unemployment and the country’s fertiliser deficit.

Richard Kwami Sefe, Member of Parliament for Anlo, stated that fertiliser scarcity is having a severe influence on farming operations in his district.

Farmers, he claims, are being forced to pay exorbitant fertiliser costs, making it impossible for them to turn a profit. He requested that the government step in and interfere in the matter.

“My farmers as we talk now, most of them are just willing and ready to work even to do more than what they are doing. But the fertilizer, insecticides and other boosters, you will have some around but the cost is too much. In the last two years, 50kg fertilizer NPK was around GH¢98 [2021]. Last year [2022] it increased to GH¢210, this year we are going as far as GH¢450, GH¢460,” MP for Anlo lamented.

Paul Twum Barimah, Member of Parliament for Dormaa East, expressed hope that the mid-year budget review will not include any additional levies.

He stated that the economy is already stressed and that the government should focus on lowering rather than raising taxes.

“The whole country is in a spectre mood, I strongly believe this mid-year budget review will not come with any tax. My expectation is that the minister of finance should consider the current situation of Ghanaians and see how we can manage the economy,” Member of Parliament for Dormaa East envisaged.

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Stephen Ntim vows to bring Adoumi back to NPP

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Aduomi denied these allegations, stating that he still enjoys the backing of NDC supporters. In an interview with Citi News, Mr Ntim voiced concern over two candidates from the same party running against each other.

Stephen Ntim, the National Chairman of the New Patriotic Party (NPP), has promised to reconcile independent candidate Kwabena Owusu Aduomi into the party.

Aduomi, a former three-time NPP Member of Parliament for the constituency, chose to run as an Independent Candidate in the Ejisu by-election because he believes the NPP has failed to address critical concerns about the existing delegates’ list, jeopardising the party’s integrity and fairness.

Some NPP members accused him of treason, claiming he deserted to the opposition National Democratic Congress (NDC).

Aduomi denied these allegations, stating that he still enjoys the backing of NDC supporters.

In an interview with Citi News, Mr Ntim voiced concern over two candidates from the same party running against each other.

“Yes, it is worrying because the two main competitors, Aduomi and Kwabena Boateng belong to the same fold, family. We should not be looking at jubilating, I’m not jubilating. My focus now is on how to bring the Aduomi factor back to the fold, bringing him back to the family.

“So that in December when we are going to face the real political opponents, we are going us a unified NPP front. It shouldn’t be difficult at all. Whatever it is, we are going to reach out. As a national chairman, I’m promising you, we will take up the mantle and reach out to him.”

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Ejisu by-election: NPP discloses next steps after narrow victory

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Their vote share fell from 82.83% in 2020 to 55.8% in 2024. Mr. Francis Adomako, the NPP's Ashanti Regional Organiser, acknowledged the lower margin and ascribed the outcome in part to internal party concerns.

Following the Ejisu seat by-election, the New Patriotic Party (NPP) is assessing its achievements and plotting a route for future success.

While their parliamentary candidate, Dr Kwabena Boateng, won with 55.8% of the vote, according to preliminary data, the margin of victory fell short of expectations.

Mr Kwabena Aduomi received 43.3% of the total votes.

Their vote share fell from 82.83% in 2020 to 55.8% in 2024.

Mr Francis Adomako, the NPP’s Ashanti Regional Organiser, acknowledged the lower margin and ascribed the outcome in part to internal party concerns.

In response, the party is preparing to go back to the drawing board, undertaking detailed assessments to find areas for improvement.

Speaking to Joy News, Mr Adomako stated that it is now more important than ever to resolve internal problems and create unity among party members.

He revealed intentions to communicate with disillusioned members, promising to pursue reconciliation and win back those contemplating other options.

He noted that as the country approaches the election later this year, the party must move beyond mere rhetoric to doing action and doing their study.

‘Breaking the 8’ remains the NPP’s ultimate goal, a task that Adomako admitted as difficult but necessary.

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Akufo-Addo chides Ejisu independent candidate over by-election rigging charges

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Speaking at the NPP's penultimate rally before the by-election on Tuesday, April 30, the President expressed indifference to the former NPP MP's choice to leave the party. He also asked the Ejisu electorate to dismiss any of his assertions. "When he beat the incumbent MP, who was also a Cabinet Minister, did the NPP rig the polls in his favour? So, why is he suddenly claiming that we would rig the polls just because he lost to someone else? "Is this fair?" he inquired. The President also targeted anonymous persons or groups who he claimed were influencing Mr Owusu Aduomi. He predicted that they would fail in their quest to take the seat from the NPP.

President Akufo-Addo has taken aim at Kwabena Owusu Aduomi, an independent candidate in the Ejisu by-election who previously ran on the governing New Patriotic Party’s (NPP) ticket in the constituency.

According to the three-time Ejisu MP, the NPP intends to rig the by-election in order to keep the late John Kumah’s seat.

However, in a harsh reaction, President Akufo-Addo warned the independent candidate against using falsehoods in his bid for a return.

Speaking at the NPP’s penultimate rally before the by-election on Tuesday, April 30, the President expressed indifference to the former NPP MP’s choice to leave the party.

He also asked the Ejisu electorate to dismiss any of his assertions.

“When he beat the incumbent MP, who was also a Cabinet Minister, did the NPP rig the polls in his favour? So, why is he suddenly claiming that we would rig the polls just because he lost to someone else? “Is this fair?” he inquired.

The President also targeted anonymous persons or groups who he claimed were influencing Mr Owusu Aduomi.

He predicted that they would fail in their quest to take the seat of the NPP.

“We strongly reject any independent candidate whose past is unknown to us. We don’t know if important persons are influencing their decisions. We refuse to accept this. It is not something we will accept.

As a result, the President asked Ejisu voters to turn out in large numbers and vote for Kwabena Boateng, the NPP’s candidate.

He believes that only the party’s candidate has the authority to advocate for growth in the area.

Again, he underlined the importance of the party having a majority in Parliament.

“We need a parliamentary majority. You’ve seen the difficulties we confront as a result of our existing parliamentary representation.

“Therefore, even if it’s just by one vote, we need a majority to carry out our mission. Kwabena Boateng would cast the crucial vote, he claimed.

Meanwhile, Kwabena Owusu-Aduomi’s campaign is closing up, and his supporters are walking through the streets of Ejisu, encouraging voters to vote for him.

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