budgeted expenditure

Fitch Solution has stated that Ghana’s International Monetary Fund Programme will not be suspended despite a higher-than-budgeted expenditure. According to its latest assessment of Ghana Titled “Positive Shift in Ghana’s Political Risk Profile Following IMF Programme Approval”, the UK-based firm said there is a risk the government will fail to meet its IMF targets in 2024. Since the start of this decade, total expenditure as a share of GDP increased by an average of 3.0 percentage points during election years, signalling that some level of fiscal slippage is likely in 2024. Nonetheless, Fitch Solutions, said a higher-than-budgeted expenditure is unlikely…