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Ghana will miss its 2016 targets on growth, fiscal deficit reduction and its primary balance. It, however, intends to restore fiscal discipline and eliminate over expenditure, Finance Minister Ken Ofori-Atta has said.
The new government said this week it inherited debt from state-owned enterprises and government ministries of at least 7 billion cedis ($1.6 billion) and a budget deficit close to “double digits” compared with a 2016 target of 5 percent of GDP.
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