The Government of Ghana has disclosed to the International Monetary Fund that its objective under the Economic Credit Facility programme remains to achieve a primary surplus of 1.5% of Gross Domestic Product (GDP) by 2025, to be maintained at least until 2028.
Captured in the second review of the ECF, the government said it is pursuing an ambitious and lasting fiscal adjustment to support its goal of restoring debt sustainability.
“The fiscal consolidation strategy is driven by strong revenue-enhancing measures in the short and medium-term and expenditure rationalisation. The programme objective remains to achieve a primary surplus of 1.5% of GDP by 2025, to be maintained at least until 2028”.
According to the government, the 2024 Budget carries forward its consolidation efforts by targeting a primary surplus of 0.5% of GDP (commitment basis).
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
