(3 Minutes Read)
The minister confirmed projections for 2025 remain: Real GDP growth of at least 4.0 per cent; non-Oil Real GDP growth of at least 4.8 per cent; end-year inflation rate of 11.9 per cent; and gross international reserves covering a minimum of three months of imports.
The Ghana government has maintained its macroeconomic targets for 2025 despite revising its revenue and expenditure projections.
Presenting the mid-year budget review in Parliament recently, Dr Cassiel Ato Forson, Minister of Finance, said the adjustments were driven by additional revenue from the Energy Sector Levies (Amendment) Act, 2025 (Act 1141).
The minister confirmed projections for 2025 remain: Real GDP growth of at least 4.0 per cent; non-Oil Real GDP growth of at least 4.8 per cent; end-year inflation rate of 11.9 per cent; and gross international reserves covering a minimum of three months of imports.
He said total revenue and grants have been revised upwards from GH¢227.1 billion to GH¢229.9 billion, increasing its share of GDP from 16.2 per cent to 16.4 per cent.
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Conversely, total expenditure on a commitment basis was revised downward from GH¢270.9 billion to GH¢269.5 billion, while primary expenditure increased to GH¢209.6 billion from GH¢206.8 billion.
