Ghana's New Finance Minister Reveals Budget Shortfall from Previous Administration

March 11, 2025 - 21:44

Ghana's newly appointed Finance Minister has disclosed that the previous government failed to achieve its target for a primary budget surplus in 2024. Instead of a surplus, the country is facing a significant funding gap, raising concerns about fiscal management and economic stability.

The Minister emphasized the need for a thorough review of the financial situation to understand the extent of the deficit and its implications for future economic policies. This revelation comes at a critical time as the new administration seeks to implement reforms aimed at restoring fiscal discipline and boosting investor confidence.

The government is now tasked with addressing the challenges posed by this unexpected shortfall, which could impact public services and development projects. As the nation grapples with these financial hurdles, citizens and stakeholders are keenly watching how the new leadership will navigate the complex economic landscape ahead.