Economics
Ghana Facing Austerity Budget as New Government Eyes Spending
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Ghana Finance Minister Cassiel Ato Forson’s budget on Tuesday is expected to deliver spending cuts as the new government seeks economic stability after a painful debt restructuring.
President John Mahama easily won December elections as voters turned against the prior administration in frustration over sky-high inflation and poor economic management, which forced Ghana to seek an International Monetary Fund bailout after defaulting in 2022.