Hot!
Govt targets GH¢176.4bn revenue in 2024 but aims to spend GH¢226.7bn
- /home/u249204778/domains/spectator.com.gh/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://spectator.com.gh/wp-content/uploads/2023/11/8c548157-5085-442e-9c78-2f0a5e41f407.jpeg&description=Govt targets GH¢176.4bn revenue in 2024 but aims to spend GH¢226.7bn', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/u249204778/domains/spectator.com.gh/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://spectator.com.gh/wp-content/uploads/2023/11/8c548157-5085-442e-9c78-2f0a5e41f407.jpeg&description=Govt targets GH¢176.4bn revenue in 2024 but aims to spend GH¢226.7bn', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
The Finance Minister, Ken Ofori-Atta, delivering the government’s fiscal plan for 2024 to Parliament on Wednesday, November 15, projected that the total revenue for the year is estimated at GH¢176.4 billion.
In outlining the 2024 Budget Statement and Economic Policy, Ofori-Atta highlighted that the government’s anticipated total expenditure stands at GH¢226.7 billion, representing 21.6 percent of the Gross Domestic Product (GDP).
He went on to elaborate on the comprehensive fiscal strategy, noting a substantial reduction in total expenditures, amounting to 6.1 percentage points of GDP compared to the 2022 outturn. This reduction, he explained, results from a combination of fiscal consolidation efforts, encompassing a 4.9 percentage point adjustment in revenue and a 4.0 percentage point adjustment in primary expenditure.
Ofori-Atta also highlighted the potential interest rate savings anticipated from the ongoing external debt operation, emphasizing its positive impact on public finance sustainability.
“Mr Speaker, Total Revenue and Grants are projected at GH¢176.4 billion (16.8 percent of GDP) and is underpinned by permanent revenue measures largely Tax revenue measures amounting to 0.9 percent of GDP.
“Total Expenditure (commitment) is projected at GH¢226.7 billion (21.6 per cent of GDP). This projection reflects a reduction of 6.1 percentage points of GDP in total expenditures (commitment basis) relative to the outturn in 2022.
“This large decrease comes from the combination of fiscal consolidation efforts of 4.9 percentage points of GDP, reflecting an adjustment in revenue by 1.0 percentage point and primary expenditure by 4.0 percentage point of GDP.
“The potential interest rate saving from the ongoing external debt operation will further bolster public finance sustainability. Mr. Speaker, based on the estimates for Total Revenue & Grants and Total Expenditure (including arrears clearance), the overall Budget balance to be financed is a fiscal deficit of GH¢ 61.9 billion, equivalent to 5.9 percent of GDP. The corresponding Primary balance is a deficit of GH¢5.9 billion, equivalent to 0.6 percent of GDP.”
Source: Citinewsroom.com
The Tema Regional Police Command has arrested a 32-year-old man for allegedly posing as a soldier and extorting money from unsuspecting members of the public at Ashaiman.
The suspect, identified as Bright Atsu Kudiabor, was arrested by the Ashaiman Police on Wednesday, September 16, 2026, at about 7:00 a.m.
According to the Police, he was arrested at an area known as “I Shall Return”, where he was allegedly parading himself as a soldier and demanding money from people.
The Police said Kudiabor, who is an ex-convict, was initially arrested by personnel of the Ghana National Fire Service in Ashaiman with assistance from other members of the public.
A search conducted on him after he was handed over to the Police reportedly led to the recovery of a set of military camouflage uniform.
The suspect is currently in Police custody and assisting with investigations.
The Tema Regional Police Command said he would be processed for court after investigations are completed.
The Police urged the public to remain vigilant and report anyone who falsely presents themselves as a soldier or a member of another security agency to deceive or extort money from the public.
By: Jacob Aggrey
Volta Regional Minister, James Gunu, says the Volta Region holds enormous agricultural potential and efforts must be geared towards connecting farmers to the needed resources to unlock that potential.
He said focus must be on linking farmers to resources, technology, financing and markets to increase production, create jobs and build sustainable livelihoods.
Hon. Gunu made the remarks at the national launch of the Ghana Tomato Self-Sufficiency Initiative (GHATSI) held at Anloga in the Volta Region on Tuesday, September 15.
The initiative, under the theme “Produce at Home. Feed the Nation. Export the Surplus,” seeks to boost local tomato production, processing and marketing while reducing Ghana’s heavy reliance on imported tomatoes.
The launch was attended by the Minister for Food and Agriculture, Eric Opoku, his Deputy, John Setor Dumelo, Feed Ghana Coordinator, Bright Demordzi, Members of Parliament, traditional leaders, MMDCEs, farmers and other stakeholders.
Mr.Gunu expressed appreciation to the Minister for Food and Agriculture for the support announced for the region, including two excavators, 200 cartons of organic fertiliser, and GH¢200,000 for Ms. Kuatudzo Esther Dela, a tomato farmer and processor from Ziope.
He described the initiative as an important step towards making agriculture a stronger driver of food security, job creation and economic growth in the Volta Region.
By Edem Mensah-Tsotorme
Entertainment1 week agoFiifi Coleman Productions adapt ‘I Told You So’ stage play into feature film
- News6 days ago
48 Engineer Regiment to be major sub-contractor on Accra-Kumasi Expressway, $2bn ready- Prez Mahama
- Entertainment5 days ago
Rhythms On Da Runway returns November 28 with 16th edition themed ‘Unbound’
