Jan.-July budget execution records ¢24.8bn deficit
Business
The primary balance for the period was a deficit of GH¢3.8 billion (0.4 per cent of GDP)
Provisional data on budget execution from January to July 2024 indicate an overall fiscal deficit (commitment basis) of 2.4 per cent of GDP, Bank of Ghana Governor Ernest Addison has told journalists while briefing them on the Monetary Policy Committee’s decision to cut the policy rate from 29 per cent to 27 per cent.
The deficit is against the budget target of 2.8 per cent of GDP.
Dr Addison mentioned that the deficit of GH¢24.8 billion was financed from domestic (GH¢ 24.2 billion) and foreign (GH¢17.4 billion) sources.
The primary balance for the period was a deficit of GH¢3.8 billion (0.4 per cent of GDP).
This is against a primary deficit target of GH¢3.5 billion (0.3 per cent of GDP).
Trending Business
Anchor 24-hour economy on agriculture and manufacturing -GFL to gov't
01:07
COCOBOD board chair pledges modernisation to support 24-hour economy policy
04:05
Banking sector clean-up: Ex-NPP Youth Organiser refutes Frank Adu's claims, says sector stronger than ever
11:02
Agric Minister woos Turkish tractor manufacturer to set up plant in Ghana
10:41
GRA targets September 2025 to finalise VAT reforms ahead of 2026 budget
09:46
Food Suppliers Association praises President Mahama's Initiative
08:28
Gov't to capitalise Agricultural Development Bank in 2026 – Finance Minister
02:49
No room for excessive salaries in SOEs – Ato Forson warns CBG board
04:38
GIPC to launch groundbreaking nationwide investment mapping
01:56
Gov't has made a bold step to recapitalise NIB – Ato Forson
15:43
