Ghana’s 2025 Budget: A Defining Moment for Economic Renewal

Dr. Cassiel Ato Forson presented the 2025 Budget, emphasizing the urgency for defining actions to rejuvenate Ghana’s economy. This budget is the first under the Mahama administration, aiming to articulate current economic realities and outline strategic policy objectives. It will also review social intervention programs inherited and managed by the administration.

Dr. Cassiel Ato Forson, Ghana’s Minister of Finance, emphasized the government’s commitment to transforming the nation during the presentation of the 2025 Budget on March 11, 2025. He stated that pivotal moments in a nation’s history necessitate courageous decisions aimed at fostering economic growth and achieving financial independence.

This budget marks the first Budget and Economic Policy for the John Dramani Mahama administration, aligning with Article 179 of the 1992 Constitution and Section 21 of the Public Financial Management Act, 2016. Minister Forson is anticipated to present an overview of the current economic landscape of Ghana while detailing the administration’s objectives to address prevailing economic challenges.

Additionally, Dr. Forson is expected to provide an assessment of the economic conditions inherited from the previous administration led by Nana Addo Dankwa Akufo-Addo. The discussion will also cover social interventions, including initiatives such as the Free Senior High School (SHS) program, the No-Academic-Fee policy, and trainee allowance, among other critical measures.

In summary, Minister of Finance Dr. Cassiel Ato Forson underscored the urgent need for decisive actions to rejuvenate Ghana’s economy during the 2025 Budget presentation. This budget, which is pivotal for the Mahama administration, aims to clarify the current economic state and outline key policies designed to address significant challenges while enhancing social welfare initiatives.

Original Source: www.ghanaweb.com