• 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

Deloitte Warns of Revenue Risks Despite Upward Revision of 2025 Targets

15 hours ago
in Business, Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
17
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Deloitte Warns of Revenue Risks Despite Upward Revision of 2025 Targets

Deloitte Ghana has cautioned that persistent underperformance in Grants, Petroleum Receipts, and Import Duties could derail the government’s efforts to meet its revised 2025 revenue target, despite gains in other tax handles.

The advisory firm, in its post-analysis of the 2025 Mid-Year Budget Review, noted that while revenue from Non-Oil Tax, Corporate Income Tax, and Mineral Royalties have shown strong outturns, these gains may be insufficient to offset shortfalls in other critical revenue lines.

“We note that the downward trend in exchange rates, whilst being favourable in some respect, has weakened revenue performance across specific components like the petroleum receipts and import duties since material portions of these are indexed in USD,” Deloitte stated.

It added that in the face of these losses, government must either implement compensatory expenditure cuts or introduce new revenue-enhancing measures to protect the fiscal stability achieved in the first half of the year.

Underperformance Amid Upward Revision

Government, in the Mid-Year Budget, revised its total revenue and grants projection for 2025 from GH¢227.1 billion (16.2% of GDP) to GH¢229.9 billion (16.4% of GDP), reflecting a 1.3% increase.

The projected additional GH¢2.9 billion is anticipated from revenue adjustments linked to amendments in the Energy Sector Levies Act, 2025 (Act 1135).

However, provisional data for the first half of the year shows that Total Revenue and Grants amounted to GH¢99.3 billion—falling short by 3.2% compared to the target of GH¢102.6 billion.

Deloitte attributes the variance primarily to lower-than-expected inflows from Non-Tax Revenue, Oil and Gas Receipts, and Grants.

Despite the shortfall, the GH¢99.3 billion outturn still represents a significant 30.5% year-on-year growth over the same period in 2024, indicating underlying momentum in some revenue segments.

Fiscal Policy Implications

The advisory firm’s commentary adds to growing concerns around Ghana’s fiscal consolidation efforts, particularly in light of exchange rate movements and their implications for dollar-indexed revenues.

Deloitte’s recommendation signals a need for careful fiscal calibration in the second half of the year to ensure the revised targets are met without compromising macroeconomic stability.

Tags: DeloitteDeloitte Warns of Revenue Risks Despite Upward Revision of 2025 TargetsRevenue Risks

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

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

RMA Demands Public Inquiry into Unibank Collapse, Slams AG’s Decision to Drop Charges

Trending

Features

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe The Ghana Airports Company Limited (GACL) has officially...

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

August 2, 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.