GHC20bn allocated for interest payments on ESLA, IPPs

The Chairman of the Finance Committee, Patrick Boamah, revealed that GH¢20 billion from the 2025 Mini-Budget is allocated for interest payments, including obligations to Independent Power Producers (IPPs) and the Energy Sector Levy Account (ESLA).

Despite a delay in presenting the budget, Finance Minister Dr. Mohammed Amin Adam assured that government operations would remain unaffected during the transitional period.

Parliament has approved the GH¢68.13 billion Mini-Budget to fund government operations in Q1 2025. The budget includes projected revenue and grants of GH¢42.54 billion, equivalent to 3.5% of Ghana’s GDP.

Key discussions during parliamentary approval focused on debt management, revenue mobilization, and fiscal consolidation efforts. The Mini-Budget aims to stabilize the economy and maintain critical services during the transition to the incoming Mahama administration.