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Mid-Year Budget: Government’s narrative more persuasive on stabilisation than transformation – PwC
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MyJoyOnline
Accounting and Advisory firm, PwC, has stated that the government’s narrative is more persuasive on stabilisation than on transformation.
It argued that Ghana has clearly moved away from crisis conditions, but stronger macro stability is not the same as a fully repaired growth model.
Again, expenditure came in well below target, including interest savings of GH¢6.9 billion relative to budget, of which GH¢4.2 billion was domestic interest savings.
It also stated that debt dynamics have improved meaningfully, stressing that the fall in debt ratios is owed partly to restructuring, exchange-rate effects and nominal GDP growth.
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