Finance Minister to Present Q1 2025 Budget to Parliament Later This Week
Finance Minister, Dr. Mohammed Amin Adam, is set to present the Appropriation Bill for the first quarter of 2025 to Parliament later this week, following delays linked to the country’s post-election transition process
Finance Minister, Dr. Mohammed Amin Adam, is set to present the Appropriation Bill for the first quarter of 2025 to Parliament later this week, following delays linked to the country’s post-election transition process.
The Bill, which will enable government operations from January to March 2025, was originally expected on Monday, December 16, but was deferred due to the Minister’s engagements with the transition team, which is overseeing the handover of power to the incoming administration.
The delay reflects the complexities of Ghana’s transition following the December 7 general elections. The Minister for Parliamentary Affairs, Osei Kyei-Mensah-Bonsu, attributed the postponement to overlapping commitments.
“The Finance Minister has been tied up with transition meetings and other critical engagements. The Bill should, however, be ready for submission by the end of the week,” he told lawmakers.
Speaker of Parliament Alban Bagbin underscored the importance of the Bill, explaining that while the report was ready for submission, the absence of an authorized representative necessitated its deferral.
Fiscal Continuity Amid Political Transition
The Appropriation Bill, once referred to the Finance Committee, will be reviewed before being debated and approved by Parliament. It will serve as a critical financial framework for the first quarter of 2025, providing the incoming National Democratic Congress (NDC) administration with resources to stabilize the economy and maintain essential services.
The transitional budget is expected to give the NDC a platform to address fiscal imbalances and implement early policy priorities, ahead of presenting its first full-year budget later in the year.
Strategic Importance
As Ghana navigates this politically sensitive period, the Bill’s smooth passage is seen as pivotal to ensuring fiscal stability and investor confidence.
Analysts will closely scrutinize the Bill’s provisions when presented to Parliament, balancing the outgoing administration’s commitments with the fiscal priorities of the new government.
