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The Minority in Ghana’s Parliament has praised a 5.7% GDP growth for 2024, highlighting it as the highest in five years and exceeding budget targets. Dr. Mohammed Amin Adam, former …
Ghana Achieves Historic 5.7% GDP Growth Rate for 2024 Fiscal Year Read More
South Africa has reduced its debt relief package for Eskom by R20 billion, opting to provide R50 billion in loans instead of assuming R70 billion of debt. This decision reflects …
South Africa Reduces Eskom Debt Relief Package and Loans Support Read More
The National Assembly of Kenya has approved Sh405 billion for county governments in the 2025/26 financial year, as part of the Budget Policy Statement. Key allocations include Sh69.8 billion for …
Kenya’s Parliament Approves Sh405 Billion Allocation for Counties in 2025/26 Read More
Finance Minister Enoch Godongwana presented South Africa’s 2025 Budget, which includes a VAT increase, significant allocations for social grants, health care, and public infrastructure, as well as reforms aimed at …
Overview of South Africa’s 2025 Budget Key Takeaways Read More
On Wednesday, South Africa’s Finance Minister Enoch Godongwana revealed a revised budget, proposing a staggered VAT increase to 16% by 2026/27, which was met with strong opposition led by the …
South Africa’s Revised Budget Faces Backlash Despite VAT Reduction Read More
The South African government faced protests over a revised budget, proposing a 1% VAT increase. Despite efforts to address economic concerns and infrastructure needs, significant opposition arose from the Democratic …
South Africa’s Revised Budget Faces Backlash Amid Austerity Measures Read More
South Africa plans to increase health and defense budgets and raise VAT by 0.5% following cuts to U.S. aid. An additional 28.9 billion rand ($1.5 billion) is designated for health …
South Africa’s Budget Plans Amid U.S. Aid Cuts: Health, Defense, and VAT Increase Read More
Ghana’s government expects total revenue and grants for 2025 to be GH¢223.8 billion, with expenditures at GH¢269.1 billion, leading to an overall deficit of GH¢43.8 billion. The budget emphasizes a …
Ghana’s Projected Revenue and Expenditures for 2025 Read More
South Africa’s finance minister presented a revised budget proposing a one-percentage-point increase in VAT, which met with immediate criticism from the Democratic Alliance. The budget allocates over one trillion rands …
South Africa’s Revised Budget Faces Opposition Despite Smaller Tax Hike Read More
Ghana will receive US$1.32 billion from the IMF and World Bank, covering 35% of its 2025 budget deficit. US$720 million will be from the IMF Extended Credit Facility, and US$600 …
Ghana Secures $1.32 Billion from IMF and World Bank to Mitigate Budget Deficit Read More