madimage

Connect with us

Hi, what are you looking for?

News

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

Ken Ofori-Atta

Auction

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 

DONATION TO SUPPORT THIS WEBSITE: 0599896099 +233599896099 Thank you for your contribution!

Click to comment

Leave a Reply

You May Also Like

Health

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...

Video

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

Video

Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.    DONATION TO SUPPORT THIS WEBSITE: 0599896099 +233599896099 Thank you for your...

News

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, Africaneditors.com Ltd was developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: