World Bank warns Ghana’s fiscal surplus is being driven by spending cuts

The World Bank has cautioned that Ghana’s fiscal surplus has been achieved largely through spending cuts, with capital expenditure ending 38% below the approved budget. World Bank Division Director for Ghana, Liberia and Sierra Leone, Robert R. Taliercio, said the approach had helped improve Ghana’s fiscal position but raised concerns about the sustainability of the country’s fiscal consolidation.

By Caleb Ahinakwah