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Analysis by Region - Emerging Markets - Ghana

Publisher Oxford Economics
Published Mar 07, 2025
Length 6 Pages
SKU # OFE19929308

Description

Ghana’s new finance minister, Cassiel Ato Forson, will present the 2025 Budget to Parliament on March 11. This will mark the first full-year budget under the new Mahama administration, following a GHȼ68bn provisional budget approved in January for first-quarter government spending. In February, an IMF delegation visited Ghana to discuss this year's budget and evaluate the new administration’s commitment to the current Extended Credit Facility. The fourth programme review is set for April, with a $360m disbursement at stake. President John Mahama plans to revise tax reforms, arguing that the current arrangement discourages investment by focusing too much on revenue generation and not enough on spending cuts. He aims to reduce wasteful expenditures to balance lower revenue targets.

Table of Contents

6 Pages
Ghana: Budget for 2025 to set the tone
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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