The Chairman of the Finance Committee, Patrick Boamah, has revealed that GH₵20 billion has been allocated in the 2025 Mini-Budget to cover interest payments, including obligations to Independent Power Producers (IPPs) and the Energy Sector Levy Account (ESLA).
“The Committee noted that projections for interest payments amounted to GH₵20,691,523,500.00. This includes payments to ESLA and IPPs,” Boamah stated during a parliamentary session on the budget’s approval.
Despite delays in presenting the mini-budget, Finance Minister Dr. Mohammed Amin Adam assured the Joint Committee on Budget and Finance that the delays would not disrupt government operations. Measures are in place to ensure the smooth functioning of public services during the transition period.
Parliament has approved the 2025 Mini-Budget, totaling GH₵68.13 billion, to fund government operations in the first quarter of 2025. The budget will be succeeded by a comprehensive financial plan to be presented by the incoming Mahama administration.
Projections for the first quarter of 2025 estimate total revenue and grants at GH₵42.54 billion, representing 3.5% of Ghana’s GDP.
Parliament’s approval came after extensive deliberations and scrutiny at the Finance Committee level. The discussions highlighted key concerns, including debt management, revenue mobilization, and the government’s fiscal consolidation efforts.
The 2025 Mini-Budget represents a crucial tool to stabilize the economy and sustain critical services during a politically transitional period.
