The Ghanaian government plans to spend $13.9 billion (62 billion Ghana cedis, about N4.2 trillion) in the 2018 fiscal year, the country’s finance minister said on Wednesday.
Presenting the government’s fiscal policy to parliament, Kenneth Ofori-Atta, said the budget, with the theme “Putting Ghana Back to Work”, would continue and expand programmes that began in 2017 and initiate new strategic programmes in 2018.
This expenditure, the minister said, would be financed from revenue and grants expected to reach 51 billion cedis in the 2018 fiscal year.
Domestic revenue for 2018 is estimated at 50.5 billion cedis, representing an annual growth of 26.9 per cent, while non-tax revenue is estimated at 8 billion cedis, equivalent to 3.3 per cent of GDP.
From development partners, the government expects to receive 586.8 million cedis.
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Ghana proposes $13.9 billion budget in 2018
Presenting the government’s fiscal policy to parliament, Kenneth Ofori-Atta, said the budget, with the theme “Putting Ghana Back to Work”, would continue and expand programmes that began in 2017 and initiate new strategic programmes in 2018.
This expenditure, the minister said, would be financed from revenue and grants expected to reach 51 billion cedis in the 2018 fiscal year.
Domestic revenue for 2018 is estimated at 50.5 billion cedis, representing an annual growth of 26.9 per cent, while non-tax revenue is estimated at 8 billion cedis, equivalent to 3.3 per cent of GDP.
From development partners, the government expects to receive 586.8 million cedis.
READ MORE
Ghana proposes $13.9 billion budget in 2018
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