Parliament Holds Post Budget Analysis

| Updated Nov 19, 2017 at 3:21am



Parliamentarians of Ghana have met in Koforidua in the Eastern Region to discuss the 2018 budget that was presented to Parliament by the Finance Minister Ken Ofori Atta.

The post budget workshop was to enable them interrogate and scrutinize provisions made in the budget and to probe further to understand figures better.

They were also joined by some staff from the Parliamentary Service, Directors from the Ministry of Finance and Resource persons including economists who will take them through the various presentations.

Outlining the basis of the meeting, the Speaker of Parliament, Prof. Mike Aaron Oquaye said the essence of the three-day meeting is to exchange ideas to know their various areas of inclinations and to psyche their own minds towards the discussion of next year's budget for the whole country.

It will also provide them the opportunity to raise critical sector consideration issues and also to equip them to know their oversight responsibility to enlighten their constituents on what a budget is all about.

Prof. Oquaye asked the young parliamentarians to concentrate on their expertise areas of the budget to enrich the budget.

The Majority Leader and Minister for Parliamentary Affairs, Osei Kyei Mensah Bonus said budgets ensure equitable distribution of resources to various groups and sectors of the economy.

It is a way that the government use to meet the aspirations and concerns of the citizenry hence the sole responsibility of parliamentarians to ensure that the content of the budget translates into the lives of those in their constituents.

The Minority Leader, Haruna Iddrisu lauded the workshop for including all parliamentarian but not a selected few and added that his colleagues are unanimous that post budget analysis be made part of the calendar of Parliament.

He however raised concern by the government to employ one hundred thousand youth, wondering if it will not be a toll on government's expenditure looking at the already huge numbers of public sector workers.

Mr. Iddrisu further made reference to the page 46 of the 2018 budget which talks on the growing international reserves which seems to be looking good.

He however, requested that it should be properly scrutinized to know the context in which the reserves was looking good in order not to overspend or accumulate arrears.

The finance Minister, Ken Ofori Atta said the three point six percent rate of borrowing over the years is affecting the nation's economy and urged the members to come together to tackle challenges to move the economy forward.

Meanwhile, in a separate development, the GCPP has welcome projections in the 2018/budget for the agricultural sector.

The party says even though there is a 0.3% reduction for the sector, the mere fact that domestic dependence on the sector is enough guarantee that the future is bright for the agric sector.

Speaking to radio Ghana, the leader of the GCPP Dr. Henry Lartey asked Ghanaians to be nationalistic in their criticism of government.