Gov’t to spend GHS 20.69bn on interest payments for Q1 2025

Ghana's government has allocated GHS 20.69 billion for interest payments in Q1 2025, covering obligations to the Energy Sector Levy Account (ESLA) and Independent Power Producers (IPPs). This reflects the significant burden of debt servicing amidst fiscal challenges.

Parliament approved the 2025 Mini-Budget of GHS 68.13 billion, with revenue and grants projected at GHS 42.54 billion (3.5% of GDP). The budget will fund essential government operations, including salaries, statutory payments, infrastructure maintenance, and social programs, until the incoming Mahama administration presents a full budget.

Key allocations include GHS 16.46 billion for employee compensation and GHS 5.29 billion for capital expenditure. Despite political tensions, the approval ensures economic stability during the transition, with focus shifting to effective implementation to sustain public services and meet fiscal objectives.