{"id":95508,"date":"2025-03-15T08:59:08","date_gmt":"2025-03-15T08:59:08","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghanas-2025-budget-mounts-on-high-revenue-expenditure"},"modified":"2025-04-08T18:15:27","modified_gmt":"2025-04-08T18:15:27","slug":"ghanas-2025-budget-mounts-on-high-revenue-expenditure","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure","title":{"rendered":"Ghana\u2019S 2025 Budget Mounts on High Revenue, Expenditure"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The government, through the 2025 budget statement and economic policy is projecting to increase revenue to GHS223.8 billion and expend GHS269.1bn this year.<\/b><\/p>\n

The government\u2019s expected GHS269.1bn expenditure for 2025, which leaves a deficit of GHS45.3bn for the 2025 financial year is also higher than the programmed GHS226.7bn expenditure for 2024.<\/p>\n

Presenting the budget to Parliament on Tuesday, March 11, Dr Cassiel Ato Baah Forson, Minister of Finance, said the government would explore both domestic and external sources to close the deficit gap.<\/p>\n

The projected total revenue and grants of GHS223.8 for 2025 (representing 17.2 per cent of Gross Domestic Product, GDP) is a 45.8 per cent increase from the GHS153.5bn recorded by the Ghana Revenue Authority in 2024.<\/p>\n

\u201cForeign financing will include a provision for financing from IMF-ECF programme disbursements of US$720 million and World Bank Development Policy Operation (DPO) funding of US$600 million,\u201d he said.<\/p>\n

\u201cThe residual Net Domestic Financing will amount to GHS.9 billion (2.6% of GDP), representing 65.0 per cent of the total financing for 2025. This is expected to be sourced from the issuances of debt at the short end of the domestic market,\u201d he added.<\/p>\n

The Minister outlined some fiscal policy objectives to support the economic transformation and ensure macroeconomic stability, including rationalising government expenditure and eliminating wasteful expenditure.<\/p>\n

The government has also planned to optimise domestic revenue mobilisation through the broadening of the tax base, increasing non-tax revenue collection, adopting enhanced tax compliance measures, and modernisation of tax administration through digital technology.<\/p>\n

Increasing the share of domestic capital expenditure to spur economic growth and job creation, reducing public debt to sustainable levels and adopting prudent debt management practices to support debt sustainability, were also part of the fiscal policy measures.<\/p>\n

Again, the government has planned to reduce the fiscal deficit progressively in accordance with an amended Fiscal Responsibility Act to promote fiscal and debt sustainability and restore confidence in Ghana\u2019s economy.<\/p>\n

At a post-budget press conference on Thursday, March 13, Dr Mohammed Amin Adam, former Finance Minister, and a Ranking Member of Parliament\u2019s Finance Committee, raised concerns about the budget.<\/p>\n

He said the economy inherited by the John Mahama government was one with a strong revenue performance and expenditure controls and could not produce elevated fiscal outturns.<\/p>\n

He stated that the fiscal deficit on commitment basis of 7.6 per cent of Gross Domestic Product (GDP) and primary deficit of 3.6 per cent of GDP, presented by the Minister of Finance, for example, was inaccurate.<\/p>\n

Dr Amin Adam cautioned the government about financial reporting, which has the potential to derail the country\u2019s sustainability efforts, and any subsequent sanctions by the international financial institutions.<\/p>\n

\u201cThe Ghanaian people can recall that in the past, Ghana was fined US$39 million for misreporting economic data to the IMF due to wrong data submitted by the NDC government led by former President Rawlings,\u201d he said.<\/p>\n

\u201cWe wish to advise the Minister for Finance to tread cautiously in order not to derail our march to sustainable debt levels… the 2025 budget must be re-examined with full transparency to ensure that our fiscal policies are credible and sustainable,\u201d he said.<\/p>\n

For More News And Analysis About Ghana<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The government, through the 2025 budget statement and economic policy is projecting to increase revenue to GHS223.8 billion and expend GHS269.1bn this year. The government\u2019s expected GHS269.1bn expenditure for 2025, which leaves a deficit of GHS45.3bn for the 2025 financial year is also higher than the programmed GHS226.7bn expenditure for 2024. Presenting […]<\/p>\n","protected":false},"author":84,"featured_media":95507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[429],"class_list":["post-95508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-ghana"],"yoast_head":"\nGhana\u2019S 2025 Budget Mounts on High Revenue, Expenditure - Ghana<\/title>\n<meta name=\"description\" content=\"The government, through the 2025 budget statement and economic policy is projecting to increase revenue to GHS223.8 b ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana\u2019S 2025 Budget Mounts on High Revenue, Expenditure\" \/>\n<meta property=\"og:description\" content=\"The government, through the 2025 budget statement and economic policy is projecting to increase revenue to GHS223.8 b ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-15T08:59:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-08T18:15:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/03\/sm_1742016801.295815.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana\u2019S 2025 Budget Mounts on High Revenue, Expenditure\",\"datePublished\":\"2025-03-15T08:59:08+00:00\",\"dateModified\":\"2025-04-08T18:15:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure\"},\"wordCount\":532,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/03\/sm_1742016801.295815.jpg\",\"keywords\":[\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-2025-budget-mounts-on-high-revenue-expenditure\",\"name\":\"Ghana\u2019S 2025 Budget Mounts on High Revenue, Expenditure - 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