Seth Tekper
Seth Tekper

In 2015, government was expecting to spend 37.9 billion Ghana Cedis at the end of December 2015, but was able to end the year with ₵630 million short of the projected expenditure.

Seth Tekper
Seth Tekper

This improvement can be attributed, to gains made, when it comes to the payment of SSNIT contributions, Total compensation for public sector employers, interest payments and capital expenditure.

According to the data, the state managed to spend below what has been projected in the budget as government ended last year, paying ₵9 billion as interest on loans, as against ₵6.4 billion on capital expenditure.

‘On the payment of salaries, which has always been a challenge over the years, government spent ₵300 million more than the ₵10.2 projected.”

The Data also indicated that most economists attribute the current challenges facing the country to the huge budget overruns recorded in 2012, whilst in the not too distant past, some analyst have also questioned this expenditure numbers, attributing the performance to differed payments, which could have bad effects if most of these areas are finally cleared.

Source: Newsghana.com.gh

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