Ghana Faces Possible Government Shutdown Amid Budget Stalemate
Ghana's parliament is unlikely to pass a provisional budget before the December 7 elections, risking a government shutdown early next year. A political impasse has led to parliamentary inactivity, with experts warning of lean government spending or cutbacks unless a budget is approved soon, a first in decades.
Ghana's parliament faces an unprecedented crisis as a provisional budget is unlikely to be approved before the December 7 elections. This could lead to the country's first government shutdown in over 30 years and impact its financial stability.
The nation's political deadlock arises at a time of presidential transition as President Nana Akufo-Addo's term ends in January. Failure to pass the budget would force significant government spending cuts, warns former finance minister Seth Terkper.
With the Supreme Court ruling against Speaker Alban Bagbin's declaration of parliamentary majority, the parliament remains on indefinite break. Finance Ministry's silence and looming deadlines exacerbate the uncertainty, stirring hope among labor unions for a resolution to prevent salary disruptions.
(With inputs from agencies.)
ALSO READ
Navigating Instant Loans: Balancing Speed and Cost in Modern Finance
Credent Global Finance Secures Rs 30 Crore for Strategic Growth
Government to Divest Stake in Indian Railway Finance Corp
Chhattisgarh Finance Minister OP Choudhary presents budget of Rs 1.72 lakh crore for 2026-27 in state assembly.
Kerala Finance Bill 2026 Passed Amidst Political Tumult

