Parliament has approved a GHC68.13 billion Mini-Budget for the first quarter of 2025, following detailed discussions between the Finance Committee and Finance Minister Dr. Mohammed Amin Adam.
This budget ensures government operations continue smoothly until the incoming Mahama administration presents its full budget.
Key Budget Details:
- Total Revenue and Grants: GHC42.54 billion (3.5% of GDP), comprising:
- Domestic Revenue: GHC40.67 billion
- Tax Revenue: GHC1.87 billion
- Grants: GHC68.65 million
- Social Security Contributions and other sources: GHC1.04 billion
- Expenditure Allocations: Focused on essential services such as healthcare, education, infrastructure, and tax refunds (GHC2.37 billion).
The approval process featured spirited debates, highlighting differing perspectives on spending priorities and revenue strategies.
The Mini-Budget addresses immediate fiscal needs and aims to maintain economic stability, preventing a government shutdown amid earlier concerns about presentation delays.
As the Mahama administration prepares to assume office, attention turns to the effective implementation of this budget and the achievement of its policy goals for Ghana.
