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We’ll kick against budget approval again today – Minority
The Minority in Parliament has threatened to kick against the approval of the 2024 budget again today.
The Speaker of Parliament, Alban Bagbin, declared a voice vote in favour of the majority on the approval of the economic policy and budget statement presented by the Finance Minister, Ken Ofori-Atta to the house on Wednesday.
However, the Minority opted for a headcount, forcing the Majority caucus to stage a walkout on the approval process.
Addressing journalists, the Minority Leader, Dr. Cassiel Ato Forson, said the 2024 budget was still hanging, and its approval would once again be defeated today.
Meanwhile, the Finance Minister, Ken Ofori-Atta, and the Majority in Parliament insist that the 2024 budget was passed following the declaration of the voice vote by the Speaker, Alban Bagbin, despite the Minority’s position that the 2024 budget and economic statement have not been passed.
Addressing journalists after the walkout by the Majority, the Finance Minister said, “At the end of the day, the Speaker put it to vote twice, and he declared that the ‘ayes’ have it. That means the budget, in my view, has been passed. Later, there was a challenge, which has not been resolved. So far as I know and believe, we have the 2024 budget passed until such time that they resolve whatever they want to resolve.”
The Majority Leader, Osei Kyei-Mensah-Bonsu, who expressed fury about the Speaker’s actions, pointed out, “You were all there; you heard the Speaker loud and clear. Why should a Speaker beat such a hasty retreat from what he has said? In this case, he said the ‘ayes’ have it. Then you have the Speaker making a sudden U-turn that he didn’t add that the ‘ayes’ have it. He just expressed an opinion. And that’s most unfortunate. So, we think that the proper thing should be done.”
“We agreed to the headcount; what was he waiting for? For about 30 minutes, he was not doing anything. What kind of attitude is this? That is why we left the chamber. Five MPs of the Minority were not here, so all that he was doing was to buy more time to enable them to find a way into the chamber.”
During an interview on Eyewitness News, the MP for Tolon, Habib Iddrisu, also reiterated that the budget had been approved.
“We brought them [NPP MPs] out of the chamber because there were some disagreements in the chamber at the time that the Speaker said they would be mentioning MPs’ names. And then they would be responding, so we thought that it was not right.”
“Because the challenge on the decision of the Speaker was that we should go into a headcount for people’s names to be mentioned, and that means we would have to be in a division. What is very clear and emphatic is that the 2024 budget and economic statement of the government have been approved by parliament today and that is not in contention,” he told Umaru Sanda Amadu.
Source: Citinewsroom.com
The Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) successfully held its sixth (6th) Exchange Programme, hosted by the Ghana Export – Import Bank (GEXIM) Bank in Accra from March 22 to 23 March.
The event brought together member institutions, partner organisations and Ghanaian public entities to advance dialogue on South-South trade, investment and development finance, while also creating opportunities for knowledge-sharing and institutional cooperation.
Organised as a capacity-building and networking platform, the 2026 edition of the G-NEXID Exchange focused on GEXIM’s experience in developing innovative solutions to promote intra-African and extra-African trade.
It also highlighted trade and investment opportunities in Ghana, particularly in the context of the African Continental Free Trade Area (AfCFTA) and broader national development initiatives.
The Exchange Programme forms part of G-NEXID’s mandate to foster cooperation among export-import banks and development finance institutions in support of South-South trade and investment.
This 6th edition follows earlier successful programmes hosted by India Exim Bank (2016), BNDES (2017), Indonesia Eximbank (2018), Afreximbank (2019) and Saudi EXIM Bank (2025).
On the first day, participants were presented with G-NEXID institutional information and received an update on the Network’s 2026 work programme.
There were a series of substantive presentations, including an overview of the Ghanaian economy by the Ministry of Finance, with particular attention to debt-related challenges; a presentation by the Ghana Investment Promotion Centre (GIPC), on investment opportunities in the country; and institutional presentations by GEXIM and Development Bank Ghana (DBG) on their respective mandates, initiatives, products and services.
Discussions during the sessions underscored strong interest in sector-focused webinars and business dialogues, particularly in agribusiness value chains such as poultry and rice.
Participants also emphasized the importance of continued information exchange and the sharing of best practices, especially in the area of guarantees.
The second day opened with a presentation on the 24-Hour Economy and Accelerated Export Development Programme, a national economic transformation strategy launched by President John Dramani Mahama in July 2025.
The initiative aims to enhance economic productivity through continuous industrial activity, accelerated export development and strategic import substitution.
As the programme is expected to mobilise both private and development capital, it presents concrete opportunities for G-NEXID members in areas such as co-financing, guarantees, trade finance and technical cooperation.
The programme also featured institutional presentations by guest organisations, namely the African Guarantee and Economic Cooperation Fund (FAGACE) and the West African Development Bank (BOAD), which shared their mandates, initiatives, products and services.
Following these exchanges, the G-NEXID Secretariat held bilateral discussions with both institutions as part of the Network’s ongoing membership drive.
Participants further benefited from a presentation by the Eastern and Southern African Trade and Development Bank (TDB), as well as a showcase of GEXIM’s key pipeline projects.
On the margins of the Exchange Programme, G-NEXID members also held their 20th Annual General Assembly Meeting to review progress and discuss strategic priorities.
Following the event, participants joined the GEXIM@10 International Conference, held from March 24-25, 2026 under the theme, “A Decade of Enabling Export Trade and Industrial Transformation: Resetting GEXIM for the Next Frontier.”
The conference provided an important platform for exploring how Ghana can strengthen its transition from a primary commodity exporter to a more competitive player in value-added trade and industrial development.
Source – G-NEXID
President John Dramani Mahama on Tuesday, March 31, 2026, signed five bills including three amendment bills passed by Parliament into law.
They are: Security and Intelligence Agencies Bill, 2025; University of Engineering and Agricultural Sciences Bill, 2025; Ghana Deposit Protection (Amendment) Bill, 2025; Growth and Sustainability Levy (Amendment) Bill, 2026; and Education Regulatory Bodies (Amendment) Bill, 2026.
In a brief remark after assenting to the bills, President Mahama explained that the Security and Intelligence Agencies Act, 2026, scraps the Office of Minister of National Security and frees the President’s to appoint any Minister to supervise the security agencies.
He said it also reverses the name of the office of National Intelligence Bureau (NIB), to the original name, Bureau of National Intelligence, (BNI).
This the President said, addresses the confusion between that security agency and a well-known Ghanaian financial institution, the National Investment Bank.
President Mahama also noted that the University of Engineering and Agricultural Sciences Act, 2026, establishes another University in the Eastern Region, at Bonsu, with three campuses – the main campus at Bonsu in the Eastern Region, with the second campus to be cited at Ohawu in the Oti Region.
The third, the Presdient assed will be located at Acherensua in the Ahafo Region.
Touching on the Amendment to the Growth and Sustainability Levy Act, the President said, “As you’re aware, the act was amended to increase it from 1% to 3%, and so this act reduces it again. That is the levy on mining companies. It reduces it again to 1%, because of the introduction of the sliding scale of royalties.”
He also spoke to the passage of the Government Education Regulatory Bodies Amendment Act, emphasising that amends Act 1023 to grant greater flexibility to private tertiary institutions and the option to Charter.
The Ghana Deposit Protection Amendment Act, the President concluded, is an amendment to an original act that was supposed to guarantee deposits held in commercial banks or financial institutions.
It basically expands protection to include mobile money wallets and other digital platforms, ensuring a wider scope of digital financial assets are secured.
The signing ceremony, was witnessed by the Clerk of Parliament, Mr. Ebenezer Ahumah Djietror, Secretary to the President, Dr Callistus Mahama, the Minister of Justice and Attorney General, Dr Dominic Akrutinga Ayine, Chief of Staff, Julius Debrah, Joyce Bawa Mogtari, a Senior Presidential Advisor and a Special Aide to the President, Finance Minister, Dr Cassiel Ato Baah Forson, and the Vice President, Professor Jane Naana Opoku Agyemang.
