News:
January 3, 2025
Members of Parliament (MPs) on Thursday, January 2, 2025 approved a total of GH₵68,134,674,527 for the first quarter of 2025.
Funds are to be allocated across various sectors of the economy between January and March this year.
According to the mini-budget for 2025, the new John Mahama administration plans to spend GH₵16,462,828,490 on compensation for employees.
Expenditure on goods and services is set at GH₵3,123,221,785, while interest payments will cost the nation GH₵20,691,523,500.
Other expenditures include GH₵45,507,080 for subsidies, GH₵9,193,773,211 for grants to other government units, and GH₵234,703,983 for social benefits.
Additionally, other government expenditures are expected to amount to GH₵5,293,248,499.
This brings the total expenditure for the first three months of the year to GH₵64,508,623,999.
Furthermore, the new government will allocate GH₵2,345,505,925 for arrears clearance and GH₵1,280,544,603 for amortization.
In total, the state’s expenditure in advance of appropriation stands at GH₵68,134,674,527.
Ghanamps.com