Business News of Tuesday, 11 March 2025
Source: www.ghanawebbers.com
Finance Minister Dr. Cassiel Ato Forson has announced that the total appropriation for the 2025 fiscal year is GH¢290.9 billion. Presenting the budget in Parliament, he outlined the government’s revenue and expenditure projections.
Total Revenue and Grants for 2025 is estimated at GH¢223.8 billion (17.2% of GDP), an increase from GH¢186.5 billion (17.4% of GDP) in 2024, driven by non-oil revenue measures. Total expenditures have been programmed at GH¢269.1 billion (20.7% of GDP), down from GH¢279.2 billion (26.0% of GDP) in 2024.
Primary expenditure, excluding interest payments, is projected at GH¢204.7 billion (15.8% of GDP), a decline from GH¢232.4 billion (21.7% of GDP) in 2024. The budget aims to enhance fiscal discipline and economic stability.