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
Zambian delegation visits Tarkwa Goldfields to study Ghana’s mining best practices
01:52
Fourth Estate lied: NLA never paid GHS 37 million as profit for the state in 2018
01:54
T-Bills: Gov't exceeds target via 23% oversubscription
14:42
Amen Amen Institute partner UN to donate to Ministry of Food and Agriculture in support of World Food Day
12:11
Ghana to prioritise value addition in cocoa sector — Vice President
00:15
IACG urges 'catch them young' approach to engage the youth to embrace insurance
19:37
DVLA set to establish new ultra-modern operational centre in North Dayi
14:24
Gov't to cough up US$5 billion in judgement debt, if it cancels KGL-NLA deal-Razak Kojo Opoku reveals
13:19
Ghana reaches IMF staff-level agreement after 5th review
12:50
Ghana secures €154 million from Italy to transform agri-food systems
12:36
