The budget is not only hollow but an "AZAA" one failing to address critical growth areas - Afenyo-Markin
The Minority Leader, Alexander Afenyo-Markin on the floor of Parliament Tuesday, March 25, 2025, concluded the debate on the 2025 Budget Statement of the Mahama Government.
He emphasized the point that the Budget Statement presented by the Finance Minister, Hon. Cassiel Ato Forson is not only hollow but an “AZAA” one failing to address critical growth areas,.
He also stated that the budget neglects the much-promised 24-hour economy, and enabling governance of intimidation where non-NDC members are being sacked from jobs, citizens are being persecuted by investigative agencies, and security operatives trample on human rights, creating two Ghana: one of luxury for the NDC and another of suffering for political opponents.
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During the budget presentation on Tuesday, March 11, Finance Minister Dr Cassiel Ato Forson said among others that, the government is establishing the Ghana Gold Board (GOLDBOD) to support foreign exchange inflows and gold reserve accumulation for the benefit of our dear country.
To achieve this, he said, the GOLDBOD shall regulate, oversee, monitor and undertake the purchasing, assaying, refining, exporting, selling and other related activities concerning the gold resources of Ghana.
He further said that the government is stabilising the Ghana Cedi and macroeconomy through an urgent economic recovery programme to shore up our foreign reserves.
“In addition, develop a deliberate policy to build economic buffers through external reserves to cushion the Ghana Cedi,” he said.
Dr Cassiel Ato Forson, also stated that government’s proposed 24-hour economy policy will be formally presented to Parliament for approval.
He announced this on Tuesday, 11th March, during the presentation of the 2025 Budget Statement and economic policy to Parliament.
The policy, a key initiative of the Mahama-led National Democratic Congress (NDC) government, aims to boost economic productivity by encouraging businesses to operate around the clock.
Dr Forson noted that the 24-hour economy has the potential to create jobs and foster sustainable economic growth.
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