Ghana announces more spending cuts amid global uncertainties

ACCRA, March 24 (Xinhua) -- The government of Ghana on Thursday announced an additional 10 percent cut in expenditure after a 20 percent slash in January, to achieve its 2022 budget deficit target amid global uncertainties.

The decision was taken to reflect current global economic realities, including the impact of the Russia-Ukraine crisis, and domestic revenue mobilization challenges, Finance Minister Ken Ofori-Atta told a press conference.