"Deloitte Commends Ghana’s 2025 Budget for Expenditure Rationalization Measures"

" Deloitte Commends Ghana's 2025 Budget for Expenditure Rationalization Measures \r\n\r\nDeloitte Ghana, in its 2025 Budget Analysis Report, has lauded the government\u2019s commitment to fiscal discipline through the adoption of expenditure rationalization measures in the latest budget. The report highlights the administration\u2019s decision to cut government spending while aiming to stabilize the economy and achieve growth.\r\n\r\nAccording to Deloitte, the government's decision to reduce the number of ministers and ministries is a step in the right direction toward expenditure containment. Additionally, the firm acknowledged that the budget for goods and services has seen a substantial reduction of 39%, decreasing from GHS 11.5 billion in 2024 to GHS 7.0 billion in 2025. This, Deloitte noted, reinforces the President\u2019s commitment to eliminating waste and prioritizing cost efficiency.\r\n\r\nThe report further emphasized other expenditure rationalization measures, including the government's resolve to enforce the Public Financial Management Act across all public entities. The integration of financial management systems and the prioritization of value-for-money principles in public procurement were also highlighted as measures that could enhance transparency, reduce waste, and curb corruption in government spending.\r\n\r\nDespite commending the government\u2019s efforts, Deloitte cautioned that the success of these expenditure rationalization measures depends on strong controls and systems. It, therefore, recommended that the government adequately resource the Internal Audit Agency (IAA) to enable it to perform its mandate of auditing\r\n\r\nState-Owned Enterprises (SOEs) and ensuring strict compliance with the proposed measures.\r\n\r\nMeanwhile, total government expenditure for 2025 is projected at GHS 268.7 billion, reflecting an increase from the GHS 226.2 billion outturn in 2024. Primary expenditure is also programmed to rise from GHS 179.5 billion in 2024 to GHS 204.6 billion in 2025.\r\n\r\nCompensation of employees, covering wages, salaries, pensions, gratuities, and social security contributions, is projected at GHS 76.6 billion. This increase is attributed to the 10% rise in base pay granted to public servants under the Single Spine Salary Structure (SSSS).\r\n\r\nWith the government\u2019s continued focus on fiscal discipline and efficiency, Deloitte\u2019s analysis underscores the need for effective implementation and oversight to ensure the intended benefits of these measures are realized."

"Deloitte Commends Ghana’s 2025 Budget for Expenditure Rationalization Measures"

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