Ghana’s Parliament has given the green light to the 2025 Mini-Budget, totaling GHC68.13 billion, after thorough deliberations with Finance Minister Dr. Mohammed Amin Adam.
This budget will fund government operations for the first quarter of the year, pending the presentation of the substantive budget by the incoming Mahama administration.
The approved mini-budget allocates GHC42.54 billion (3.5% of GDP) for total revenue and grants, comprising:
- Domestic Revenue: GHC40.67 billion
- Tax Revenue: GHC1.87 billion
- Grants: GHC68.65 million
- Social Security Contributions and other revenue sources: GHC1.04 billion
Expenditure provisions focus on critical government functions, including:
- Tax Refunds: GHC2.37 billion
- Healthcare
- Education
- Infrastructure Development
The approval process was marked by intense debate, highlighting the contrasting views of the majority and minority parties. Key points of contention included spending priorities and revenue mobilization strategies.
The Mini-Budget aims to address Ghana’s pressing fiscal needs while promoting economic stability.
Source: OccupyGh.com
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