Bawumia Defends Economic Management, Promises Recovery Amid Global Challenges

by Louisa Afful
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Vice President Mahamudu Bawumia, aiming to succeed President Akufo-Addo, staunchly defends his government’s economic management despite facing significant external challenges. He asserts that the administration has prudently managed the economy and even made substantial expenditure cuts.

“Global events in the past three to five years have greatly impacted nations and their citizens, and our country is no exception. This has led to a series of difficult situations for our people. Although we have not yet returned to the economic boom we experienced before the crisis, data indicates that our economy is on the path to recovery,” Bawumia told Muslims at the Eid-ul-Adha prayers on June 16.

He emphasized that the government has made significant reductions in overall spending. Data from the Finance Ministry shows the total budgetary allocation is set at GH₵259 billion.

Research by Joy News reveals that between 2023 and this year, the government’s expenditure budget has increased by 25.73%. However, this rise is lower compared to the 41.6% increase between 2022 and 2023. Additionally, the research found that budget allocations to certain sectors have seen notable increases.

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