2023 National Budget Analysis – Ghana
2023 National Budget Analysis – Ghana

The Ghanaian government anticipates spending about GH¢205 billion in 2023, a 34% increase from the GH¢153 billion in its 2022 expenditure budget. Furthermore, there is a 47% increase in revenues and grants totaling 144 billion Ghana Cedis for the 2023 budget, compared to GH¢98.1 billion in 2022. Despite the expected increase in revenue, the 2023 budget still has a deficit of GH61 billion Ghana Cedis, a 34% increase over the 40 billion cedi shortfall for 2022.

ANALYSIS OF AUDITOR GENERAL’S REPORT ON COVID-19 EXPENDITURE, MARCH 2020-JUNE 2022

The Auditor General of Ghana carried out a special audit on the Government of Ghana’s COVID-19 transactions for the period March 2020 to June 2022 in accordance with the statutory mandate under Article 187 of the 1992 Constitution.

The World Health Organisation (WHO) declared COVID-19 as a pandemic on 11 March 2020, and Ghana recorded its first two cases on 12 March 2020. As a result, the President of Ghana formed a task force to develop a strategy to ensure that the Country was not overwhelmed by the pandemic. The strategy assessed the impact of the COVID-19 pandemic on the economy
of Ghana and designed measures to address its immediate impact.

Menu

Pin It on Pinterest