Adnan Adams Mohammed
Data from the Bank of Ghana indicates that, total revenue and grants for the first four months of 2024 amounted to GH¢30.4 billion (2.9 percent of GDP) compared with a target of GH¢37.7 billion (3.6 percent of GDP).
Also, total expenditures on commitment basis, including other outstanding payments for the period amounted to GH¢49.0 billion (4.7 percent of GDP) compared with a target of GH¢55.5 billion (5.3 percent of GDP).
According to the Bank of Ghana Governor, Dr Ernest Addison, Ghana’s fiscal performance is “broadly” in line with the targets agreed under the International Monetary Fund (IMF) Balance of Payment supported programme.
Provisional data on the execution of the budget “shows that the primary balance (commitment basis) was in a deficit of 0.6 percent compared with a target deficit of 0.2 percent.”
The overall broad budget balance (commitment basis), “was a deficit of 1.8 percent of GDP compared with a deficit target of 1.7 percent of GDP.
