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Finance Minister Ken Ofori-Atta is set to unveil the 2024 Annual Budget Statement and Economic Policy in Parliament on Wednesday, November 15, 2023. Leading up to this event, there have been demands for the government to significantly curtail its spending in order to address the struggling economy.
Kenneth Thompson, the CEO of Dalex Finance and Leasing Company Limited, has warned of a potential economic downturn in 2024 if the government continues its current trend of escalating and substantial expenditures. Thompson emphasized the importance of protecting the less fortunate and prioritizing areas such as health, education, infrastructure, and food, despite the potential need to reduce expenses.
In response to concerns, Finance Minister Ofori-Atta has pledged to consider long-term relief measures for those affected by the Akosombo Dam spillage as part of the 2024 budget formulation. Following a visit to the affected communities, Ofori-Atta noted the government’s commitment to providing further assistance to the victims. These relief efforts will not only be reflected in budgetary numbers but will also reflect the government’s genuine concern for those affected by the disaster.
