Parliament approves ₵68.13 billion budget for first quarter of 2025
Ghana’s Parliament has approved a total expenditure of GH₵68,134,674,527 for the first quarter of 2025. This allocation is aimed at sustaining the government’s operations across various sectors of the economy from January to March. The mini-budget also outlines detailed expenditure plans by the new John Mahama administration, including GH₵16,462,828,490 for employee compensation and GH₵3,123,221,785 for … The post Parliament approves ₵68.13 billion budget for first quarter of 2025 appeared first on Asaase Radio.
Ghana’s Parliament has approved a total expenditure of GH₵68,134,674,527 for the first quarter of 2025. This allocation is aimed at sustaining the government’s operations across various sectors of the economy from January to March.
The mini-budget also outlines detailed expenditure plans by the new John Mahama administration, including GH₵16,462,828,490 for employee compensation and GH₵3,123,221,785 for goods and services.
A significant portion of the allocation, GH₵20,691,523,500, is earmarked for interest payments, while subsidies account for GH₵45,507,080. Grants to other government units will receive GH₵9,193,773,211, with GH₵234,703,983 allocated for social benefits.
Other government expenditures for the quarter amount to GH₵5,293,248,499, bringing the total budgeted expenses to GH₵64,508,623,999.
In addition, the government has allocated GH₵2,345,505,925 for arrears clearance and GH₵1,280,544,603 for amortization, rounding up the total approved expenditure to GH₵68.13 billion.
The approval of the budget signals the new administration’s commitment to addressing key financial obligations and ensuring the smooth operation of government activities in the early part of 2025.
Reporting By Jonathan Ofori, Asaase Newsroom, Kumasi
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The post Parliament approves ₵68.13 billion budget for first quarter of 2025 appeared first on Asaase Radio.
