By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
Leisure

Government Spends GH¢53 Million on Black Stars’ World Cup Preparations – Finance Minister

Government spent GH¢53 million on the Black Stars’ World Cup preparations in the first half of 2026, Finance Minister Dr. Cassiel Ato Forson announced during the Mid-Year Budget Review.

‘Kakalika’ Celebrations End at Round of 32. Can Black Stars' Jersey Sales Survive the Exit?
Stanley Senya
Jul 24, 2026

Government spent GH¢53 million in the first half of 2026 to support the Black Stars’ preparations for the FIFA World Cup, Finance Minister Dr. Cassiel Ato Forson has announced.

Presenting the 2026 Mid-Year Budget Review in Parliament, the Minister said the expenditure formed part of government spending on goods and services during the review period.

He stated that the allocation was intended to finance the national team’s preparations for the global football tournament, although he did not provide a detailed breakdown of the expenditure.

Dr. Forson made the disclosure while outlining expenditure performance for the first six months of the year, noting that government had continued to finance key sectors alongside efforts to restore fiscal discipline under its economic recovery programme.

The Minister said total expenditure, including the clearance of arrears, amounted to GH¢173.4 billion, representing 13.8 percent of Gross Domestic Product (GDP), compared with a target of GH¢181.8 billion.

READ ALSO

Idris Elba-Backed AI Film Program Opens to Ghanaian Creators, Offers Production Funding
Idris Elba-Backed AI Film Program Opens to Ghanaian Creators, Offers Production Funding
Ghana’s Historic Films Set for UniMAC-IFT Screening as Chris Hesse Champions Preservation Ahead of World Day for Audiovisual Heritage
Minister Judikay to Headline Shiloh 2026 on December 4

He said expenditure, excluding the clearance of arrears, stood at GH¢169.5 billion, equivalent to 13.5 percent of GDP, and was below the programmed target of GH¢177.9 billion.

According to him, compensation of employees reached GH¢42.7 billion against a target of GH¢42.5 billion, while the use of goods and services amounted to GH¢8.8 billion, compared with a target of GH¢9.9 billion.

Dr. Forson said interest payments totalled GH¢20.2 billion, lower than the programmed GH¢26.1 billion, reflecting reduced domestic borrowing costs.

He added that grants to other government units amounted to GH¢34.6 billion, while capital expenditure reached GH¢16.6 billion during the period.

The Minister reiterated government’s commitment to prudent expenditure management while making strategic investments in priority sectors, including sports, infrastructure, health and education, to support national development.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article From Tree Planting to Sustainability Leadership: Ecobank Ghana’s World Environment Day Journey From Tree Planting to Sustainability Leadership: Ecobank Ghana’s World Environment Day Journey
Next Article The Paradox of Ghana’s Food Economy: Prospects for Professional/Investor Farmers Consultant Calls for Revival of State Farms to Boost Food Security, Youth Employment
- Sponsored Content -
Ad imageAd image

LATEST NEWS

Ghana, Burkina Faso Pursue Trade Pact to Expand Industrial Cooperation and Cross-Border Commerce
Business & Economy
MTN Ghana’s GH¢15bn Revenue Growth Signals Expanding Digital Economy and Investment Push
News
Ghana’s Fiscal Turnaround Wins Regional Applause, but Sustaining Productive Sectors Remain a Hurdle
Ghana’s 22 New Laws: Will They Reduce Business Risks and Investment Uncertainty?
Business & Economy
German Embassy Wraps Up Nationwide Dialogues to Protect Communities from Climate
News
December in GH 2026 Targets Tourism Spending, Local Business Growth With 100 Events
News

You May Also Like

Ghana Boxing Federation Names New Board as Sports Minister Warns on Match-Fixing

Ghana Boxing Federation Names New Board as Sports Minister Warns on Match-Fixing

2025 WAMECA Opened, Ethical Journalism Urged in Digital Transformation

2025 WAMECA Opened, Ethical Journalism Urged in Digital Transformation

From Fun to Continental Climate Action: Eco Games Unveils Africa’s First Interschool Climate-Action Championships

Climate Action Through Games: Africa & Ghana First Mobile & Board Game Officially Launched

‘Bee’ Arthur to Unveil JEAN-ESIS at BEYOND CREATION in Accra

‘Bee’ Arthur to Unveil JEAN-ESIS at BEYOND CREATION in Accra

Maybe Gov't Can Dedicate Ghana’s World Cup Proceeds as Seed Money for the Sports Fund

Maybe Gov’t Can Dedicate Ghana’s World Cup Proceeds as Seed Money for the Sports Fund

Campus Event Economy Under Scrutiny as NACOC Probe Triggers Central University SRC Week Suspension 

The Golden Gateway: Ghana’s Tourism Renaissance

World Tourism Day 2025: Ghana’s Tourism Sector and the Untapped Domestic Market

Fmr. Governor, Bank of Ghana Sued Over Alleged Mismanagement of the Cedi

Alabaster Box Moves to Protect Intellectual Property, Threatens Legal Action Against Rapper Medikal

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

%d