Connect with us

Hi, what are you looking for?


Govt targets ¢176.4bn revenue in 2024 but aims to spend ¢226.7bn

Ken Ofori-Atta

Govt targets ¢176.4bn revenue in 2024 but aims to spend ¢226.7bn

Ghana’s Finance Minister, Ken Ofori-Atta has revealed government’s financial goals for 2024 during his speech to Parliament on November 15, 2023. The target is to generate GH¢176.4 billion in revenue in 2024, while planning to spend GH¢226.7 billion.

Ofori-Atta emphasized the need for fiscal strategy and announced a substantial reduction in overall expenditure, equivalent to 6.1 percentage points of GDP compared to 2022. This reduction is achieved through a combination of measures, including adjustments to revenue and primary expenditure.

Ofori-Atta also highlighted the positive impact of potential interest rate savings from ongoing external debt operations on public finance sustainability. He went on to explain that the projected budget deficit for 2024 is GH¢61.9 billion, or 5.9 percent of GDP, with a corresponding primary deficit of GH¢5.9 billion, equivalent to 0.6 percent of GDP.

Read the full budget presented by Ghana’s Finance Minister Ken Ofori-Atta

Final 2024 BUDGET SPEECH 11_30 #12updated 

There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.

1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.

2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.

3. It doesn’t cost much, and takes less time than it took to read this message.

Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.

Click to comment

Leave a Reply

You May Also Like


Neglected tropical diseases rising in E/R- GHS Eastern Regional Health Directorate says there is disturbing increase in cases of neglected tropical Diseases in the...


At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos.


Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.    There is a good reason why you should support the African...


Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...

Copyright © 2023, Ltd was developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: