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Parliament Approves 2025 Appropriation Bill, Allocating GHS 293 Billion for Government Expenditure

6 months ago
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Parliament Approves 2025 Appropriation Bill, Allocating GHS 293 Billion for Government Expenditure

Parliament has approved the 2025 Appropriation Bill, granting the government the authority to utilize GHS 293 billion from the Consolidated Fund and other public funds for the upcoming financial year.

This legislation sets the framework for government expenditure, ensuring that resources are allocated efficiently to key sectors of the economy.

The approved budget outlines significant allocations, with GHS 68 billion earmarked for wages and salaries, underscoring the government’s commitment to compensating public sector workers. Additionally, GHS 13 billion has been designated for the settlement of arrears, addressing outstanding financial obligations from previous years.

The passage of the bill marks a crucial step in securing funding for government operations and developmental initiatives throughout 2025. It provides the legal basis for expenditure on infrastructure, social services, and economic programmes aimed at fostering national growth and stability.

Following the bill’s passage, the First Deputy Speaker, Bernard Ahiafor, affirmed its approval, stating, “Hon. Members, the Appropriation 2025 is now read the third time and accordingly passed.”

With this approval, attention now shifts to the government’s implementation of the allocated funds to ensure effective utilization and impact on national development.

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