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ARTICLE · 29 AUGUST 2024

Mid-Year Budget 2024

The Mid-Year budget of Ghana, as presented by the Minister of Finance on July 23, 2024 to parliament, is in fulfilment of Section 28 of the Public Financial Management Act, 2016 (Act 921).

GhanaGovernment, Public Sector

The Mid-Year budget of Ghana, as presented by the Minister of Finance on July 23, 2024 to parliament, is in fulfilment of Section 28 of the Public Financial Management Act, 2016 (Act 921).

The mid-year review seeks to offer an in-depth take at the fiscal policies, economic achievements, and future initiatives of the Ghanaian government.

Below, are the highlights of the key achievements and planned initiatives;

  1. cabinet has given its approval for the reintroduction of road and bridge tolls in 2025 to help generate additional revenue to support the maintenance and development of the country's road network
  2. economy grew by 4.7% in the first quarter of this year, surpassing our expectations

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