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Ghana May Cut Spending by up to 20% if Revenue Targets Unmet

Jan. 20, 2022, 12:19 PM

Ghana will cut 2022 expenditure if revenue targets aren’t met, Finance Minister Ken Ofori-Atta tells journalists in Accra Wednesday.

  • “We’ve always been very good about cutting down expenditure appropriately”
  • Govt expects to meet its revenue targets amid a push to broaden the tax net to 15.5 million people
  • “We’ll push on revenue mobilization”
  • Reducing expenditures by up to 20% will also be considered
  • Link to main speech
  • NOTE: Nov. 17, Ghanaian Finance Minister Targets Lower Budget Deficit (1)

To contact the reporters on this story:
Moses Mozart Dzawu in Accra at mdzawu@bloomberg.net;
Ekow Dontoh in Accra at edontoh@bloomberg.net

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