The government has allocated GHS 2.34 billion in the 2025 Mini-Budget for arrears clearance, aiming to settle outstanding financial obligations and restore confidence among contractors, suppliers, trainees, and other stakeholders owed by the state.
Additionally, GHS 20.69 billion has been earmarked for interest payments in the first quarter of 2025, covering obligations to the Energy Sector Levy Account (ESLA) and Independent Power Producers (IPPs).
This substantial allocation reflects the nation’s current debt structure and highlights the government’s commitment to meeting its obligations to domestic and external creditors.
Ghana’s Parliament has given its approval to the 2025 Mini-Budget, amounting to GHS 68.13 billion, following extensive discussions between the Finance Committee and the Finance Minister, Dr. Mohammed Amin Adam.
The approved budget is intended to fund government activities for the first quarter of 2025, ahead of a comprehensive budget to be presented by the incoming Mahama administration.
Projected total revenue and grants for the three-month period are set at GHS 42.54 billion, representing 3.5% of GDP.
The expenditure plan was presented by the Finance Minister on January 2, 2025, as part of the Expenditure in Advance of Appropriation measure.
In adherence to constitutional requirements, the proposal was reviewed by the Joint Committee on Budget and Finance before receiving parliamentary endorsement.
The approval process was not without controversy, as minority members accused the Finance Minister of deliberately delaying the budget presentation.
However, the majority dismissed these claims, stressing the importance of the mini-budget in ensuring uninterrupted government operations during the transition period.
With the passage of this budget, attention now shifts to its implementation as the Mahama administration prepares to take office.
Stakeholders are eager to see how the allocated funds will be managed to address national priorities and ensure a seamless transition in governance.
Expenditure Highlights
- Compensation of Employees – GHS 16,462,828,490
- Use of Goods and Services – GHS 3,123,221,785
- Interest Payment – GHS, 20,691,523,500
- Subsidies – GHS 45,507,080
- Grants to Other Government Units – GHS 9,193,773,211
- Social Benefits – GHS 234,703,983
- Other Expenditure GHS 9,463,817,451
- Capital Expenditure – GHS 5,293,248,499
- TOTAL EXPENDITURE – GHS 64,508,623,999
- Arrears Clearance – GHS 2,345,505,925
- Amortisation – GHS 1,280,544,603
EXPENDITURE IN ADVANCE OF APPROPRIATION – GHS 68,134,674,527
