The Institute of Statistical, Social and Economic Research (ISSER) has released its 2024 Mid-Year Budget Review, titled "A Critical Assessment of the 2024 Mid-Year Budget by ISSER."

The review underscores the importance of tax consolidation and creating a conducive environment for the private sector as crucial steps toward reducing youth unemployment in Ghana.

The 2024 Mid-Year Budget, presented against the backdrop of an IMF programme and ongoing debt rescheduling negotiations with commercial creditors, bondholders, and bilateral creditors, carried high expectations from key stakeholders.

These expectations included tax consolidation, a stable exchange rate, reduced inflation, and measures to create a thriving private sector.

The review reveals that the overall Real GDP growth for the first quarter of 2024 was 4.7%, surpassing the revised target of 3.1% for the year. Non-oil Real GDP growth was 3.3%, down from 3.8% in 2023.

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