• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

IEA Urges Comprehensive Energy Debt Plan and Fiscal Prudence in 2025 Budget

9 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
79
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

IEA Urges Comprehensive Energy Debt Plan and Fiscal Prudence in 2025 Budget

The Institute of Economic Affairs (IEA) has called for the inclusion of a detailed strategy in Ghana’s 2025 budget to address the energy sector’s mounting legacy debt while restoring its financial sustainability. The think tank also emphasised the need for stable and competitively priced power to support economic growth and improve the country’s investment climate.

In its bi-monthly Economic Outlook, the IEA highlighted the fiscal constraints facing the government, noting the limited room to fund development initiatives. It suggested that Ghana’s natural resource sector could provide a lifeline for revenue generation, but this would require significant reforms to increase domestic ownership and benefits.

“Tapping this potential will require changes to the natural resource fiscal regimes, along with prioritising local value addition to these resources to increase receipts,” the report said.

Fiscal Targets in Focus

The IEA noted that the 2025 budget is expected to align with the International Monetary Fund’s (IMF) Economic Credit Facility (ECF) programme. Key targets include reducing the overall fiscal deficit to 2.7% of GDP from 3.5% in 2024 and increasing the primary surplus to 1.5% of GDP.

The think tank commended the government’s commitment to fiscal consolidation, stating that it is critical to sustaining macroeconomic stability, ensuring debt sustainability, and avoiding another restructuring.

RelatedPosts

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason

Michael Jordan Rookie Card Sets New Record with $2.7 Million Sale

“The tight fiscal stance is in line with the debt sustainability trajectory envisaged under the programme, which is crucial for fostering investor confidence in the economy,” the IEA said.

Scrapping Taxes to Ease Burden

The 2025 budget is also expected to deliver on the government’s pre-election promise to abolish certain taxes, including the E-levy, Covid tax, Emissions tax, and Betting tax. The IEA believes the removal of these taxes could ease the financial burden on households and businesses, providing a modest boost to economic activity.

To compensate for revenue losses, the government will need to reinforce tax administration, close loopholes, and broaden the tax net. These efforts, the IEA suggested, could offset the fiscal impact while supporting a fairer distribution of the tax burden.

Tags: 2025 BudgetDebtIEA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

BoG Pegs Ghana Gold Coin at GHS 47,551 per Ounce

UEFA Champions League: Paris, Inter and Arsenal Win in Style to Stay Perfect, Barcelona Score Six

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Trending

Business

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC

October 22, 2025

Regulatory Weakness, Capped Stabilisation Fund Undermining Ghana’s Petroleum Revenue Management – PIAC Chair of the Technical Sub-Committee...

MLS Playoffs 2025: A Look Ahead to the Exciting Postseason

October 22, 2025

Michael Jordan Rookie Card Sets New Record with $2.7 Million Sale

October 22, 2025

BoG Pegs Ghana Gold Coin at GHS 47,551 per Ounce

October 22, 2025

UEFA Champions League: Paris, Inter and Arsenal Win in Style to Stay Perfect, Barcelona Score Six

October 22, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.