
Audio By Carbonatix
The Deputy Ranking Member on Parliament's Finance Committee, Dr Gideon Boako, has accused the government of significantly reducing expenditure because of poor revenue performance during the first quarter of 2026.
Contributing to debate in Parliament on Tuesday, the Tano North MP argued that weak revenue mobilisation has forced government to scale back spending, including capital investment.
"In quarter one alone of 2026, government revenue fell short by 4.5% and by so doing government had to reduce expenditure by 29%," he said.
Dr Boako further noted that, "In 2025 alone, government revenue fell short by 2.2% and government expenditure fell by 13%, while capital expenditure fell by 13.8%."
He urged the Finance Ministry to improve revenue mobilisation to ensure government has sufficient resources to fund development projects without resorting to expenditure cuts and additional borrowing.
Latest Stories
-
Ghana Navy participates in African Maritime Forces Summit in Morocco
4 minutes -
GNFS intensifies fire safety education in Eastern Region communities
5 minutes -
BoG, GoldBod finalising new financing model to reduce pressure on central bank balance sheet
8 minutes -
Michelin-starred restaurateur faces jail for using ants as dessert garnish
14 minutes -
The evidence that jailed Wontumi was built by NPP – Mustapha Gbande
18 minutes -
Africa can no longer rely on foreign aid for healthcare – Deputy Health Minister
29 minutes -
COCOBOD’s shift to local market financing is the right move – BoG
32 minutes -
Minority labels economy a ‘galamsey economy’, questions government’s growth claims ahead of budget review
33 minutes -
Joy FM’s Showbiz Roundtable to assess Mahama administration’s performance in tourism, culture and creative arts
33 minutes -
Finance Ministry must fund GoldBod operations after BoG exit – Economist
33 minutes -
BoG to sell remaining stakes in ADB, NIB – Dr. Asiama
43 minutes -
Ghana, Netherlands deepen security cooperation to combat organised crime and drug trafficking
45 minutes -
JoyNews’ Digital Economy forum aiming to shape Ghana’s digital future comes off tonight
51 minutes -
Africa must fund its own health systems to achieve universal healthcare – African Union Commissioner for Health
52 minutes -
UNFPA Ghana, Prudential Life Insurance graduate 25 former head porters in painting and tiling skills
53 minutes