The Government of Ghana has formally notified the International Monetary Fund (IMF) of its decision to cap public sector wage increases at 10 percent this year, as part of broader expenditure rationalization measures under its ongoing economic reform programme.
The disclosure is contained in the Fund's latest review report of Ghana's 36-month Extended Credit Facility Programme, which is expected to conclude in 2026. "On the expenditure side, the 2025 Budget comprises measures that aim at containing primary expenditure, including capping public sector wage increases to 10 percent," Ghanaian authorities informed the IMF.
This development comes ahead of the presentation of the 2025 Mid-Year Budget Review by Finance Minister Dr.
Cassiel Ato Forson, scheduled for tomorrow, January 24, 2025.
