On January 2, 2025, Dr. Mohammed Amin Adam, the Minister of Finance, presented a mini-budget to Parliament aimed at addressing Ghana’s financial needs for the first quarter of the year. This budget, amounting to GH¢68.1 billion, is officially termed “Expenditure in Advance of Appropriation.” Its purpose is to cover essential expenses from January to March 2025, ensuring that the country can operate smoothly during this transition period.
The mini-budget comes at a crucial time, as Ghana prepares for a change in government. It is designed to meet short-term operational requirements until the new administration can present a more comprehensive budget for the rest of the year. This approach allows for continuity in government services and programs, which is vital for maintaining public confidence and stability.
Key areas of funding within the mini-budget include the salaries of public sector workers, which ensures that government employees receive their pay on time. Additionally, it allocates money for statutory payments, essential infrastructure maintenance, and social intervention programs aimed at supporting vulnerable populations. These elements are critical for the country’s social fabric and economic health.
Following Dr. Adam’s presentation, the Budget and Finance Committees of Parliament were given the responsibility to conduct a thorough review of the proposed budget. Their findings will be essential for shaping the debates and decisions that will follow regarding the budget’s approval.
As Parliament reconvenes to discuss this mini-budget, there is a sense of urgency to finalize discussions and ensure that the government can continue its operations without interruption. The successful implementation of this budget is crucial for the well-being of Ghana’s citizens, and it sets the stage for the incoming government to build upon.
