Over the course of seven years, the Akufo-Addo-led government has consistently presented its financial plan, delineating expected income and expenses for a specific period.
The Finance Minister, Ken Ofori-Atta, has been the bearer of these budget statements, presenting them in Parliament on behalf of the government.
From 2017 to the present, seven distinct budget statements have been presented, each given a unique title. Despite the differences in titles, they all share a common theme: inspiring hope among the many Ghanaians facing challenges due to the country’s economic conditions.
Check out the names of the budget statements.
2017 – Asempa budget (good word budget)
2018 – Adwumapa budget (good work budget)
2019 – Mpuntuo budget (development budget)
2020 – Nkosuo budget ( progressive budget)
2021 – Obatanpa budget ( good mother budget)
2022 – Agyenkwa budget (saviour budget)
2023 – Nkabom budget (unity budget)
2024 – Nkunim budget (victory budget)
Since 2020, Ghana has experienced a significant decline in its economic growth, primarily attributed to the impact of the COVID-19 pandemic. As time has progressed, the situation has further deteriorated due to additional factors such as the Russia-Ukraine war, internal issues like excessive borrowing, and corruption.
This challenging economic environment has sparked frustration among a segment of the public, particularly regarding the names given to government budgets. Critics argue that these titles do not accurately reflect the reality on the ground, which includes high inflation rates, elevated interest rates, unemployment, and other pressing issues.