{"id":151879,"date":"2024-02-15T13:35:45","date_gmt":"2024-02-15T13:35:45","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/02\/15\/2024-budget-victory-for-fiscal-authorities-burden-for-businesses-homes\/"},"modified":"2024-02-15T13:35:45","modified_gmt":"2024-02-15T13:35:45","slug":"2024-budget-victory-for-fiscal-authorities-burden-for-businesses-homes","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/02\/15\/2024-budget-victory-for-fiscal-authorities-burden-for-businesses-homes\/","title":{"rendered":"2024 budget victory for fiscal authorities, burden for businesses, homes"},"content":{"rendered":"

<\/p>\n

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An associate professor of economics at Niagara University, Dennis Nsafoah, has described the 2024 budget as a victory for the country\u2019s fiscal authorities but an economic burden for Ghanaian households and businesses.<\/p>\n

Speaking at The Investment Dialogue<\/em> organized by Citi FM\/Citi TV in collaboration with Tesah Capital on February 15, Professor Nsafoah said the former Finance Minister, Ken Ofori-Atta, was right when he gave the name Nkunim to the 2024 budget because it paved the way for the victory of fiscal authorities.<\/p>\n

\u201cThe Finance Minister named the 2024 budget as the Nkunim Budget, and I think he has every right to name it the Nkunim Budget. He was right when he said the economy had turned the corner. In my opinion, by reading the budget, I saw a path through which fiscal authorities can return public debt to sustainable levels and that is a victory on its own. So the 2024 budget was a victory for the fiscal authorities, but the real question is, is it really a victory for Ghanaian households and businesses?\u201d<\/p>\n

\u201cGhanaian households and businesses have and will continue to pay a huge price for this victory that fiscal authorities are going to receive.\u201d<\/p>\n

He proposed that measures be taken to effectively manage the country\u2019s debt levels to help protect households and businesses.<\/p>\n

\u201cMonetizing the debt has been the most effective but also the most harmful to households and businesses, particularly affecting low-income groups due to the disproportionate impact of inflation.\u201d<\/p>\n

\u00a0<\/p>\n\n

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An associate professor of economics at Niagara University, Dennis Nsafoah, has described the 2024 budget as a victory for the country\u2019s fiscal authorities but an economic burden for Ghanaian households and businesses. Speaking at The Investment Dialogue organized by Citi FM\/Citi TV in collaboration with Tesah Capital on February 15, Professor Nsafoah said the former […]<\/p>\n","protected":false},"author":1,"featured_media":151880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-151879","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\n2024 budget victory for fiscal authorities, burden for businesses, homes - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/02\/15\/2024-budget-victory-for-fiscal-authorities-burden-for-businesses-homes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 budget victory for fiscal authorities, burden for businesses, homes - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"An associate professor of economics at Niagara University, Dennis Nsafoah, has described the 2024 budget as a victory for the country\u2019s fiscal authorities but an economic burden for Ghanaian households and businesses. 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