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Finance Minister to present first budget on March 11
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Minister for Finance Dr Cassiel Ato Forson will present his first budget to parliament on Tuesday, March 11, 2024.
The budget will provide a full breakdown of the economy and the government’s policy proposals to reset and facilitate Ghana’s economic transformation agenda in line with Mahama’s vision.
The Minister for Government Communications, Felix Kwakye Ofosu, disclosed this at a media briefing after the government’s first Cabinet meeting.
According to him, the policies to be announced in the budget will be informed by recommendations after the National Economic Dialogue, which will take place a week earlier, on March 3 to and March 4, 2025.
“The Presidential Advisor on the 24-hour Economy, Mr Gossie Tandoh, proceeded with preparations for the full rollout of President Mahama’s primary policy to transform Ghana.
The Finance Minister, Dr Cassiel Ato Forson, also informed the Cabinet that the economic situation is dire. The figures are even worse than we had known before the elections.
The first Cabinet meeting, which he said was largely to set benchmarks for the Ministers, included briefings on security, the rollout plan for the 24-hour economy policy, the agriculture transformation agenda, and the state of the economy.
President John Dramani Mahama today cut the sod for the construction of a 24-Hour Economy Model Market in Juapong, North Tongu District, marking the commencement of a transformative project aimed at boosting local commerce, creating sustainable jobs, and driving economic growth in the Volta Region.
The sod-cutting ceremony formed part of the President’s two-day ‘Resetting Ghana Tour’ of the Volta Region.
Addressing residents and stakeholders, President Mahama described the proposed facility as a modern economic centre designed to empower farmers, traders, entrepreneurs, and small businesses.
He noted that beyond serving as a marketplace, the project will provide critical infrastructure for storage, processing, packaging, distribution, digital commerce, and access to financial services.
The President reaffirmed Government’s commitment to accelerating development across the Volta Region through strategic investments in roads, healthcare, education, agriculture, transport, markets, and agro-industrial initiatives.
He highlighted Juapong’s strategic location and economic potential, indicating that the town is well-positioned to emerge as a key commercial and industrial destination within the region.
As part of the flagship 24-Hour Economy programme, the Juapong Model Market will be among the largest facilities under the initiative.
The project has been designated as a Category Four Market, the highest classification within the programme, reflecting its significance to the region’s economic transformation.
Broadcast journalist and aspiring National Democratic Congress (NDC) parliamentary candidate for Gomoa West, Blessed Godsbrain Smart, popularly known as Captain Smart, has pledged to embark on major infrastructure development if elected to represent the constituency in Parliament.
Speaking on Onua TV platform, Captain Smart said his priority would be to transform Gomoa West through extensive development projects.
“I will turn the constituency into a construction site,” he declared, stressing his commitment to improving infrastructure across the area.
Although much of his remarks focused on rallying supporters in local languages, he repeatedly assured residents that they would witness significant development under his leadership.
Captain Smart also urged party supporters to remain united and actively participate in the party’s internal activities ahead of the parliamentary primaries.
He expressed confidence in his bid and promised to work hard to improve the lives of people in Gomoa West if given the opportunity to serve as their parliamentary candidate.
By: Jacob Aggrey
