{"id":104789,"date":"2025-11-30T21:58:37","date_gmt":"2025-11-30T21:58:37","guid":{"rendered":"https:\/\/sotnews.agency\/?p=104789"},"modified":"2025-11-30T21:58:37","modified_gmt":"2025-11-30T21:58:37","slug":"government-to-record-revenue-of-gh%c2%a2225-9bn-in-2025","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=104789","title":{"rendered":"Government to record revenue of GH\u00a2225.9bn in 2025"},"content":{"rendered":"
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The government is expected to record a total revenue of GH\u00a2225.9 billion, about 16.0% of Gross Domestic Product in 2025.<\/p>\n

This will be slightly below the government\u2019s revised downward target of GH\u00a2226.5 billion.<\/p>\n

According to a leading financial and market research firm, IC Research, an expected boost in tax revenue in the 4th<\/sup> quarter of 2025 will partly close the gap observed in nine months of 2025 as year-end seasonality drives imports and consumer spending.<\/p>\n

In its assessment of the 2026 Budget, it said, \u201cOur assessment of the 9M2025 [9 months] outturn revealed continued risk of revenue underperformance with a 4.7% (GH\u00a27.7 billion) shortfall recorded against the period target. However, the authorities exhibited disciplined execution of spending plans by suppressing total expenditure (commitment basis) below the budget by 13.8% (GH\u00a228.6 billion). This supported a considerable fiscal adjustment, equivalent to 5.5% of GDP in 9M2025 and propelled the primary surplus to 1.6% of GDP [Gross Domestic Product], substantially outpacing the period target surplus of 0.6%\u201d.<\/p>\n

It continued that the petroleum and other tax revenue was partly constrained by the stronger cedi, while non-tax revenue outperformed. Total revenue and grants were estimated at GHS154.9bn in nine months of 2025, falling short of the authorities\u2019 target by GH\u00a27.7 billion (4.7%). \u201cThe revenue underperformance reflects a broad-based shortfall across tax revenue lines, with direct taxes (-5.4%) and import duty (-11.9%) posting the widest negative deviation from target\u201d.<\/p>\n

\u201cWe attribute the weaker-than-expected tax revenue outturn partly to the sharp appreciation of the cedi in 2025, which compressed the cedi-equivalent of FX-linked revenues as well as lingering administrative issues at Ghana\u2019s ports\u201d, it added. \u00a0However, non-tax revenue (GH\u00a222.7bn) outperformed the target by 13.0% in nine months of 2025 mainly helped by improved collections by Ministries, Departments and Agencies (MDAs<\/p>\n<\/div>\n

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\"GovernmentThe government is expected to record a total revenue of GH\u00a2225.9 billion, about 16.0% of Gross Domestic Product in 2025. This will be slightly below the government\u2019s revised downward target of GH\u00a2226.5 billion. According to a leading financial and market research firm, IC Research, an expected boost in tax revenue in the 4th quarter of [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4620,12,319,13144,1978,2533,10,9,4506,2802],"tags":[],"class_list":["post-104789","post","type-post","status-publish","format-standard","hentry","category-2026-budget","category-business","category-economy","category-expenditure","category-hp-business-1","category-ic-research","category-politics","category-popular","category-primary-surplus","category-revenue"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/104789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=104789"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/104789\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=104789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=104789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=104789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}