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Tag Archives: 2018 budget

Housing Ministry budget inadequate for debt, others – MPs

Some Members of Parliament are worried about the financial constraints the Works and Housing Ministry may face in 2018. This is due to the budgetary allocation for the Ministry in the 2018 budget, which was noted to be less than half of the funds the Ministry actually requires. While the Ministry owes contractors to the tune of GHc 1 billion, ...

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Parliament approves 2018 budget statement despite Minority’s opposition

Parliament has approved the 2018 budget and financial policy statement of government, presented by Finance Minister, Ken Ofori Atta to the House in November. The Minority, who had expressed opposition to the budget statement since it was laid in Parliament, abstained from the vote. The various Committees in Parliament will now be tasked with assessing the estimates and allocations made ...

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NPP’s ‘Azonto budget’ only to deceive Ghanaians – Ayariga

The founder and leader of the All Progressive Party (APC), Hassan Ayariga, has described the New Patriotic Party (NPP) government’s 2018 budget as an ‘Azonto budget’, because in his view, it is bereft of cogent measures to address the pertinent challenges Ghana faces. According to him, the budget is only stuffed with unrealistic promises meant to tickle Ghanaians. Likening the ...

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Parliament begins 2018 budget debate on Tuesday

Parliament is expected to start debating the 2018 budget statement on Tuesday, November 21,  after the Minister of Finance, Ken Ofori-Atta presented the document to the House last Wednesday. The Speaker of Parliament, Prof Mike Oquaye, has thus urged parliamentarians to gear up for a dispassionate debate of the budget. According to the Speaker, a high level debate on the ...

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National Development Bank launch needless- Financial observer

Some financial observers have advised government to reconsider the decision to launch a National Development bank next year. According to them, the move will be a duplication since government already controls majority shares in some banks that have a focus on the intended reason for setting up the national development bank. The Finance Minister Ken Ofori Atta during the 2018 ...

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Budgetary allocation for Free SHS ‘woefully inadequate’ – Ablakwa

National Democratic Congress (NDC) Member of Parliament for the North Tongu Constituency, Samuel Okudzeto Ablakwa, has described the government’s budgetary allocation for Free SHS as woefully inadequate to support the programme. According to him, government would need at least two billion cedis to support Free SHS in 2018, 800 million cedis more than the amount that was allocated to it ...

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How 2018 budgetary allocation to ministries were slashed [Infographic]

The 2018 budget as presented by the Finance Minister, Ken Ofori Atta before Parliament on Wednesday, 15th November, 2017, indicated a significant cut in budgetary allocation to some Ministries compared to what was allocated them in the 2017 budget. The Roads and Highways ministry had its budget slashed by at least 80% from GHS444 million to GHS77 million. The Youth ...

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Sports Ministry’s 2018 budget cut by 30%

Following Wednesday’s reading of the 2018 Budget and Financial Statement by the Finance Minister, Ken Ofori-Atta, it has emerged that the budgetary allocation for the Ministry of Youth and Sports for the 2018 year has been cut by 30%. In 2017, the Ministry was given a budget of GHS 46, 910, 275 for its activities. The money was to be ...

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Free SHS: Gov’t to set up voluntary education support fund

Government is in the process of setting up a fund to receive voluntary contributions from individuals to support the implementation of its flagship Free Senior High School programme, and the education sector as a whole. This was disclosed by the Minister of Finance, Ken Ofori-Atta, when he presented the 2018 budget statement to Parliament on Wednesday. Ghana’s education sector has ...

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NPP’s ‘Special Economic Transformation Program’ to kick off in 2018

The government has announced a special initiative called the “Akufo-Addo Program for Economic Transformation (AAPET)”, as a major intervention for job creation, infrastructure development and accelerated investment in Agriculture. AAPET will envelope two already-existing special initiatives being implemented by the Akufo-Addo administration; the Planting for Food and Jobs and One-District-One Factory. The Finance Minister, Ken Ofori Atta, delivering the budget statement in Parliament, explained ...

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