The government has revised the 2024 macroeconomic framework due to recent economic developments and debt restructuring.
Key revisions include an increase in the overall real GDP growth rate from 2.8% to 3.1% and a revision of non-oil real GDP growth from 2.1% to 2.8%.
Nominal GDP was adjusted to GH¢1.02 trillion, and inflation remains at 15%. Revenue expectations were raised to GH¢177.2 billion, while total expenditure was revised downward to GH¢219.7 billion.
The overall deficit is now projected at GH¢42.5 billion. The Finance Minister, Dr. Amin Adam, announced these changes during the Mid-year Budget Review in Parliament.
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