Ghana Lowers Budget-Gap Target on Improved Revenue Outlook

Ghana lowered its 2025 budget-deficit target after raising its revenue forecast and trimming projected spending, underscoring the government’s commitment to fiscal discipline.

Finance Minister Cassiel Ato Forson cut the fiscal gap estimate to 2.8% of gross domestic product, from 3.1%, in a mid-year budget review presented to parliament on Thursday. The primary balance target — which excludes interest payments on debt — was retained at a surplus of 1.5% of GDP and economic growth of at least 4% is still envisioned, he said.