Government of Ghana (the “Government”) has announced some expenditure cuts and revenue measures aimed at restoring investor confidence in the economy and addressing some of the economic challenges facing the country.
Announcing the measures, the Minister of Finance, Ken Ofori-Atta, said that “cutting down on expenditures alone will not be enough. Our focus is therefore twofold: to control expenditure and to raise more revenues domestically”. Beyond the revenue and expenditure measures, Government also outlined some proposals to address the fast-depreciating local currency and the rising debt levels.
In this publication, Deloitte presents a snapshot of the expenditure and revenue measures as well as other key initiatives announced by the Government.