GH¢19.7 billion was the government’s total cash budget deficit for the first seven months of 2025.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Government of Ghana’s overall budget deficit on a cash basis for the seven months of 2025 stood at GH¢19.7 billion, representing 1.4% of Gross Domestic Product.

This was less than the targeted deficit of GH¢37.8 billion (2.7% of GDP).

According to the Bank of Ghana, the overall deficit was financed from both domestic and external sources.

The government borrowed, on net basis, GH¢14.8 billion from domestic sources, and relied on a net foreign financing of GH¢4.9 billion.

The corresponding primary balance (cash basis) for the period showed a surplus of 0.7% of GDP, against a target deficit of 1.0% of GDP.

Additionally, the primary balance on a commitment basis (the fiscal anchor) showed a surplus of 1.0% of GDP against a target surplus of 0.5% of GDP.

Source: newsthemegh.com