Deloitte is warning that the underperformance in Grants, Petroleum Receipts, and Import Duties poses a menace to the federal government’s quest to realize the 2025 income goal.
That is regardless of the robust efficiency in Non-Oil Tax Income, Company Earnings Tax, and Mineral Royalties income handles.
In its evaluation of the 2025 Mid-Yr Assessment Price range, the skilled companies agency mentioned the downward pattern in trade charges, while being beneficial in some respects, has weakened income efficiency throughout particular parts.
“We observe that the downward pattern in trade charges, while being beneficial in some respect, has weakened income efficiency throughout particular parts just like the petroleum receipts and import duties since materials parts of those are listed in USD [US dollar]. Sooner or later, the federal government ought to both match income losses with a commensurate discount in expenditure or introduce different revenue-enhancing measures to counter the impression of such losses to make sure we consolidate the fiscal features recorded in H1 [first-half] 2025”.
2025 Income Goal
The federal government revised upwards the full income and grants goal from the 2025 Price range of GH¢227.1 billion (16.2% of GDP) to GH¢229.9 billion (16.4% of GDP). This represents a rise of 1.3%.
The extra income of GH¢2.9 billion, in accordance with Deloitte, is anticipated from the rise in revenues from the modification of the Power Sector Levies Act, 2025 (Act 1135).
For the primary six months of 2025, Whole Income and Grants yielded GH¢99.3 billion, which is 3.2% under the budgeted goal of GH¢102.6 billion.
In line with Deloitte, the decline in efficiency was attributed to Non-Tax Income, Oil and Gasoline Receipts, and Grants receipts over the interval.
Regardless of the shortfall in Whole Income and Grants, the outturn for the primary six months of 2025 represented a development of 30.5% over that of 2024.
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