Audio By Carbonatix
In a decisive move to restore public confidence in government expenditure, President John Dramani Mahama has unveiled a comprehensive suite of austerity measures aimed at drastically curbing public spending and promoting more efficient utilisation of national resources.
Among the most striking directives is the cancellation of fuel allowances for government appointees—a policy anticipated to save the nation millions of cedis annually. This initiative forms part of a wider effort to streamline governmental operations and eliminate wasteful spending.
The Mahama administration has also reduced the number of ministers from 124 under the previous government to a leaner 60, effectively halving the ministerial positions.
This single measure is projected to yield savings amounting to hundreds of millions of Ghana cedis, substantially easing the financial load on the state.
In a symbolic yet impactful move, the government has slashed the budget for the 2025 Independence Day celebrations from GHS 15 million in 2024 to merely GHS 1.5 million, underscoring the call for modesty in national commemorations amid prevailing economic hardships.
Demonstrating a sustained commitment to fiscal responsibility, the allocation for Goods and Services and Capital Expenditure at the Office of Government Machinery has been reduced by GHS 419 million compared to the previous year.
Furthermore, the overall government budget has been trimmed by GHS 10 billion, reinforcing efforts to bring national spending under control.
To further entrench these cost-saving reforms, staffing at the Office of the President has been significantly reduced, lowering personnel costs and enhancing administrative efficiency.
In a bid to eliminate non-essential outlays, DSTV subscriptions in government offices have been terminated, and new restrictions imposed on official travel, including a ban on first-class flights for public officials.
These sweeping reforms reflect President Mahama’s unwavering commitment to prudent governance and responsible resource management.
As Ghana contends with economic turbulence, these measures are expected to stabilise public finances and restore trust in the leadership’s stewardship of the national purse.
Latest Stories
-
Agric glut was political, not strategic – Chamber of Agribusiness Ghana boss warns of lost livelihoods
34 minutes -
Food glut situation is no victory – Chamber for Agricbusiness Ghana CEO warns
1 hour -
Was Prince Harry referencing Trump in joke for Late Show sketch?
1 hour -
Arrest over fire petition stirs public debate in Hong Kong
2 hours -
Man who killed ex-Japan PM Shinzo Abe apologises to his family
2 hours -
Police recover $19k Fabergé egg swallowed by NZ man
2 hours -
Ireland among countries boycotting Eurovision after Israel allowed to compete
2 hours -
Grand jury declines to charge Letitia James after first case dismissed
2 hours -
Tanzanian activist blocked from Instagram after mobilising election protests
2 hours -
‘Not becoming of a president’: Somali-Americans respond to Trump’s ‘garbage’ remarks
3 hours -
More than 300 flights cancelled as Indian airline IndiGo faces ‘staff shortage’
3 hours -
Top UK scientist says research visa restrictions endanger economy
3 hours -
‘I’m not afraid of death, only poverty’ – Peter Okoye
3 hours -
‘We’re coming to save you’ – Teni on 2Face’s distress call
3 hours -
[Video] It is getting out of hand – 2Face cries out amid marital crisis
3 hours
