Ghana’s finance minister, Ken Ofori Atta, prepares to present the mid-year budget in parliament this morning, anticipation is building among Civil Society organizations and economists regarding the government’s plans for the economy and energy sector.
The timing of this presentation is critical, as Ghana is currently grappling with a declining economy, prompting the government to seek a financial bailout from the International Monetary Fund (IMF) as it initiated debt restructuring efforts with both local and foreign creditors to address its financial challenges.
With all eyes on the minister’s address, expectations are high for concrete measures to address the economic downturn and bolster the energy sector.
Atiewin Mbillah-Lawson in Accra brings us the details.