The government has acknowledged that an ongoing parliamentary deadlock is preventing the disbursement of US$300 million in World Bank funding, vital for stabilising Ghana\u2019s economy and addressing fiscal deficits.<\/p>\n The funds, part of a larger financial support package from the World Bank, remain inaccessible due to the unresolved impasse in Parliament, which has been in indefinite recess as the two main political parties dispute control of the majority of seats.<\/p>\n \u201cWe should have passed some legislation that would have qualified us for USD 300 million from the World Bank. However, the World Bank has not disbursed the money because those bills have not been passed, as Parliament has not been functioning as it should,\u201d the Minister of Finance, Dr. Mohammed Amin Adam, said during his monthly economic update on Tuesday, December 3, 2024.<\/p>\n The Finance minister expressed optimism that the impasse would soon be resolved, allowing Ghana to access the crucial funds without significant delays. He also reassured the public that the government remains committed to delivering its policy priorities despite the political gridlock.<\/p>\n \u201cWe are focused on delivering our policy priorities for sustained economic growth. The budget has been presented to Parliament. We are waiting for Parliament\u2019s own time. If this current Parliament doesn\u2019t pass it, the next Parliament will approve it,\u201d the minister said.<\/p>\n He emphasised that: \u201cCertainly if parliament is not functioning, it affects the government.\u201d<\/p>\n Concerns have arisen that the parliamentary deadlock could lead to a potential government shutdown next year, particularly impacting the payment of salaries for public sector workers.<\/p>\n However, the finance minister remains hopeful that a swift resolution will allow the government to present the mini-budget and avoid such setbacks.<\/p>\n \u201cTo say that the economy has not been affected would be an understatement,\u201d Dr. Adam admitted, acknowledging the far-reaching consequences of the parliamentary stalemate.<\/p>\n Parliament is expected to reconvene on Monday, December 16, 2024, which may pave the way for the resolution of the deadlock and the release of the crucial financial support for the country.<\/p>\n Watch the video below;<\/b><\/p>\n![\"Minister](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/869\/86906851.295.jpg\" "\\"Minister")
play video<\/span>Minister of Finance, Dr Mohammed Amin Adam<\/span><\/span><\/p>\n<\/div>\n