Ghana's GH¢6.1 Billion Boost for Local Economies

Ghana to Disburse GH¢6.1 Billion Directly to Local Assemblies to Boost Economy Ghana's government has announced plans to release GH¢6.1 billion directly to district assemblies as part of the country's 2025 budget. This significant allocation, representing a large portion of the GH¢7.57 billion earmarked for local development, aims to stimulate economic activity at the grassroots level. The initiative is a key component of the government's decentralization efforts, aiming to empower local governments and foster economic growth within districts. Finance Minister Ken Ofori-Atta stated, "This direct disbursement will ensure that at least 80% of allocated funds reach their intended purpose, empowering local assemblies to drive economic growth." The move has been praised by some as a step towards greater financial autonomy for local governments, allowing them to address specific needs within their communities. However, concerns remain about transparency and accountability in the disbursement process. The government has pledged to implement robust monitoring mechanisms to ensure efficient and transparent use of funds. This initiative is expected to have a significant impact on local economies across Ghana, potentially creating jobs and boosting local businesses.