Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
The Government of Ghana’s total expenditure and net lending for the review period totalled GH¢62.089 billion.
According to the May 2026 Monetary Policy Report, this was below the target of GH¢78.831 billion by 21.2%. Compensation of Employees was GH¢21.144 billion, lower than the target of GH¢22.689 billion.
This outturn was 6.8% below its target but recorded some18.1% year-on-year growth.
In terms of fiscal flexibility, compensation of employees constituted 34.1% of domestic revenue mobilised during the period under review.
The use of Goods and Services totalled GH¢1.276 billion, lower than the expected target of GH¢1.974 billion by 35.3%.
According to the Bank of Ghana, this points to some restraint on the part of the government to control discretionary spending. This expense was, however, higher by 153.5% compared to the same period in 2025.
Source: newsthemegh.com