{"id":258949,"date":"2024-12-01T20:20:21","date_gmt":"2024-12-01T20:20:21","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/01\/ghana-faces-possible-government-shutdown-amid-budget-crisis\/"},"modified":"2024-12-01T20:20:21","modified_gmt":"2024-12-01T20:20:21","slug":"ghana-faces-possible-government-shutdown-amid-budget-crisis","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/01\/ghana-faces-possible-government-shutdown-amid-budget-crisis\/","title":{"rendered":"Ghana faces possible government shutdown amid budget crisis"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        Ghana&#8217;s parliament is unlikely to approve a provisional budget ahead of the December 7 general election, according to former officials and analysts, raising concerns about a potential government shutdown early next year, Reuters reported.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        The West African nation is preparing to elect a successor to President Nana Akufo-Addo, whose second term concludes in January. Traditionally, during election years, a provisional budget is passed in November to bridge the financial gap until the new president assumes office.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        <em>&#8220;We risk a government shutdown or at best, lean government spending from January,&#8221;<\/em> Seth Terkper, former finance minister from 2013-17, said in an interview.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        If a budget is not passed by December, the government may be forced to scale back on interest payments and funding for the presidential transition, he noted.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        Such a scenario would mark the first time in over 30 years that Ghana, the world&#8217;s second-largest cocoa producer, has failed to approve a budget before a general election.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        Ghana&#8217;s parliament has been on an indefinite break since October 23 due to a stalemate over which of the two major parties holds the majority of seats.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        Finance Minister Mohammed Amin Adam had initially set a November 15 deadline to present the provisional budget.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        However, with time running out, parliament faces growing pressure to pass the budget and prevent spending cuts or a potential government shutdown.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        Labour unions have voiced their concerns, urging lawmakers to resolve the impasse quickly to mitigate any adverse impact on workers and public services.\n    <\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ghana&#8217;s parliament is unlikely to approve a provisional budget ahead of the December 7 general election, according to former officials and analysts, raising concerns about a potential government shutdown early next year, Reuters reported. The West African nation is preparing to elect a successor to President Nana Akufo-Addo, whose second term concludes in January. Traditionally, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":258950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-258949","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana faces possible government shutdown amid budget crisis - 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\/12\/01\/ghana-faces-possible-government-shutdown-amid-budget-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana faces possible government shutdown amid budget crisis - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ghana&#8217;s parliament is unlikely to approve a provisional budget ahead of the December 7 general election, according to former officials and analysts, raising concerns about a potential government shutdown early next year, Reuters reported. 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