The Ghanaian government has confirmed that a parliamentary impasse has stalled the disbursement of $300 million in World Bank funding. This amount is part of a larger financial aid package aimed at stabilizing the economy, supporting critical sectors, and addressing fiscal challenges.
Finance Minister Dr. Mohammed Amin Adam explained that the disbursement hinges on passing certain legislation, which has been delayed due to Parliament’s indefinite break.
The break resulted from disagreements over which of the two major political parties holds a majority in the House.
The Minister assured the public that the impasse would be resolved soon to avoid prolonged delays. He also affirmed the government’s readiness to present the 2025 mini-budget, emphasizing its commitment to delivering key policy priorities. However, the presentation of the budget is contingent on Parliament reconvening.
Dr. Amin Adam highlighted potential consequences if the deadlock persists, including challenges in paying public sector salaries and a possible government shutdown in 2025.
Parliament is expected to resume on December 16, 2024, raising hopes for progress on the stalled legislation and funding.
He emphasized that the delay has already impacted the economy, describing the situation as detrimental to government operations and economic recovery efforts.
