The Institute for Fiscal Studies (IFS) has cast doubt on government’s ability to achieve its revised total revenue and grants target of GH¢229.95 billion by the end of 2025.
According to the think tank, the upward revision from GH¢227.08 billion to GH¢229.95 billion—representing 16.4% of Gross Domestic Product (GDP)—is unrealistic given the persistent challenges that hinder Ghana’s revenue mobilisation.
Speaking at a press briefing on the government’s mid-year fiscal policy review, Mr. Leslie Dwight Mensah, a research fellow at IFS, noted that despite signs of economic recovery and stabilisation, revenue collection fell short by GH¢3.24 billion in the first half of the year.
He observed that government had not revised its projections downward, nor introduced robust revenue-enhancing measures, aside from the expected GH¢2.87 billion to be raised from the new GH¢1 petroleum levy.
