{"id":1246344,"date":"2022-11-08T09:03:08","date_gmt":"2022-11-08T09:03:08","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/08\/presidency-budget-has-ballooned-from-%c2%a2700m-to-%c2%a23-1bn-in-6-years-mahama\/"},"modified":"2022-11-08T09:03:08","modified_gmt":"2022-11-08T09:03:08","slug":"presidency-budget-has-ballooned-from-%c2%a2700m-to-%c2%a23-1bn-in-6-years-mahama","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/08\/presidency-budget-has-ballooned-from-%c2%a2700m-to-%c2%a23-1bn-in-6-years-mahama\/","title":{"rendered":"Presidency budget has ballooned from \u00a2700m to \u00a23.1bn in 6 years &#8211; Mahama"},"content":{"rendered":"<p><\/p>\n<div id=\"article-text\">\n<p>Former President John Mahama has bemoaned the astronomical increase in the budget of the Office of the President over the last six years.\u00a0<\/p>\n<p>Mr Mahama says for the past six years, the budget for the Presidency has ballooned from \u00a2700 million to \u00a23.1bn.<\/p>\n<p>According to him, this is unsustainable, especially in the current economic crisis the country finds itself.<\/p>\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/11\/John-Mahama.png\" alt=\"Presidency budget has ballooned from \u00a2700m to \u00a23.1bn in 6 years - Mahama\" class=\"wp-image-10032198198 lazy\" width=\"635\" height=\"423\"  data- title=\"Presidency budget has ballooned from \u00a2700m to \u00a23.1bn in 6 years - Mahama\"\/><figcaption>John Dramani Mahama<\/figcaption><\/figure>\n<p>He has thus urged government to slash the budget by at least \u00a21bn.\u00a0<\/p>\n<p>In a tweet on Tuesday, November 8, he insisted that the first place for expenditure rationalisation to start.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The budget for the Office of the President has ballooned, over the last six years, from GH\u00a2700m to GH\u00a2 3.1bn in 2022. For expenditure rationalization to be successful, it must first start in the President\u2019s office. Substantial savings of GH\u00a21bn can be made by slashing the budget.<\/p>\n<p>\u2014 John Dramani Mahama (@JDMahama) <a href=\"https:\/\/twitter.com\/JDMahama\/status\/1589869827857915906?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 8, 2022<\/a><\/p><\/blockquote>\n<p>\u201cThe budget for the Office of the President has ballooned, over the last six years, from \u00a2700m to \u00a2 3.1bn in 2022.\u00a0<\/p>\n<p>\u201cFor expenditure rationalization to be successful, it must first start in the President\u2019s office.\u00a0<\/p>\n<p>\u201cSubstantial savings of \u00a21bn can be made by slashing the budget.\u201d<\/p>\n<p>Prices of fuel, goods and services have rapidly soared in the last few months, plunging several households into poverty.<\/p>\n<p>Recently, international rating agencies have downgraded Ghana\u2019s economy to reflect the country\u2019s inability to fix its liquidity and debt challenges.<\/p>\n<p>With limited access to the international financial markets and challenges with domestic revenue mobilisation to rescue the situation, Ghana has now turned to the International Monetary Fund (IMF) for a $3 billion bailout.<\/p>\n<p>However, President Akufo-Addo addressed the nation on Sunday, October 30, about measures his government was taking to curtail the current economic crisis, hinting at government possibly securing a deal with the IMF by the end of the year.<\/p>\n<p>According to him, the country is likely to arrive at an agreement by December to get the crucial bailout it seeks.<\/p>\n<p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President John Mahama has bemoaned the astronomical increase in the budget of the Office of the President over the last six years.\u00a0 Mr Mahama says for the past six years, the budget for the Presidency has ballooned from \u00a2700 million to \u00a23.1bn. According to him, this is unsustainable, especially in the current economic crisis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1246275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1246344","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1246344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1246344"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1246344\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1246344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1246344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1246344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}