The Finance Minister Ken Ofori Atta has revealed that Ghana will miss three key economic targets.

According to the finance minister, the country's primary balance is in the negative from a projected target of 1.3 percent set by the John Mahama administration.

He made the disclosure at a media briefing in Accra Friday.

"We clearly will miss at least three of the fundamental targets," he said. "Which is growth, we are not sure and the fiscal deficit...and we also have our primary balance being negative which means that we are borrowing to support."

Mr Ofori Atta was however hopeful the economy will see a massive turn around in line with the New Patriotic Party's (NPP) agenda to create fiscal space to spend on job creation.

"We are hopeful because we believe that we can restore some policy credibility and enforcement if the public financial management act," he said.

He is due to present the first budget of the NPP administration in March after it won a decisive victory at the polls on December 7, 2016.

Earlier in the week, the Vice President Alhaji Dr Mahamadu Bawumia disclosed that the erstwhile Mahama left unaccounted arrears of GHC7 billion.