2023 Budget statement may delay as IMF talks stall – Majority Leader


Ghana’s Budget Statement and the Economic Policy for 2023 may not be read on November 15, as scheduled.

Majority Leader Osei Kyei-Mensah-Bonsu has revealed that the current negotiation with the International Monetary Fund (IMF) may delay the presentation.

The Public Financial Management Act mandates that the budget is presented next two weeks.

However, as negotiations between the Finance Minister and the Fund for a bailout continue, the deadline now appears improbable, per the Majority Leader.

“But if you want to do tidy work, you may be required to have some space to be able to do a tidy job. Because as you all know, these are not normal times,” he said on Thursday.

For him, the circumstances surrounding the deal may place too much pressure on the process if the House is to go ahead with the stipulated date.

Nothing should be done which will eventually become wishy-washy. They want to have the best to be able to uplift us from where we are as a country. And that being the case, if we want to do a thorough job, I think there will be too much pressure if it has to be done on the 15th.

This means it is highly unlikely that the budget will come by the stipulated time.

He posited that this action will not be in breach of the procedure because the constitution provides November 30 as the deadline for the statement.

The Suame legislator says he will consult the Finance Minister on the possible new date and revert with a communique on whatever conclusion is reached.

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