Rangers manager Mark Warburton
The Gers go into the game looking to avenge the heavy defeat they suffered at the hands of their Old Firm rivals in the Scottish Premiership last month.
And Ferguson has suggested that Warburton should learn the lessons from previous meetings against Celtic - he led the Light Blues to semi-final success in last year's Scottish Cup - and make sure that Halliday is involved at Hampden Park.
"I was shocked that Andy got left out of the last Old Firm game," he told the Evening Times.
"In the semi at Hampden, he was the best man on the park by a mile. Mark has admitted that he has made a mistake there.
"It is important that you have got the Bluenose in there. He stood on the terraces and supported Rangers and there was nothing better for the likes of myself, Ian Durrant, Ally McCoist, John Brown, than to get the opportunity to play for the club we loved. It is crucial, it is massive."
Not only will the 25-year-old's allegiances to the Ibrox club mean that his involvement should help the rest of the team understand the importance of the game, but his recent form has also been incredibly encouraging.
Halliday has responded to the Joey Barton saga in perfect fashion. He has arguably been Rangers' best player since the defeat at Parkhead, and if the Gers are to stand any chance of turning the tables and booking their place in the final, they will surely need him to replicate his performance in last season's meeting.