Accra, Ghana – March 11, 2025: Finance Minister Dr. Cassiel Ato Forson will today present the 2025 Budget Statement and Economic Policy to Parliament, marking the first comprehensive financial roadmap under President John Mahama’s administration.

The budget is anticipated to introduce bold policy measures aimed at stabilizing the economy, fostering growth, and addressing the nation’s fiscal challenges. With the country still grappling with high debt levels, inflation, and unemployment, stakeholders are keenly awaiting strategies that will provide relief to businesses and households while setting the nation on a path to recovery.

In the lead-up to this presentation, Dr. Forson assured Ghanaians that the budget would reflect many concerns raised during the recent National Economic Dialogue. He emphasized the importance of public support in policy implementation and highlighted that stakeholder input has been integral in shaping the budget’s direction.

Economists and business leaders have expressed hopes for a business-friendly budget. The Ghana Union of Traders Association (GUTA) has called for tax cuts, currency stability, and cost reductions to support the business community. They emphasize the need for policies that will stimulate economic activity and ease the financial burden on traders.

Additionally, renowned economist Prof. Patrick Asuming has voiced strong reservations about the possibility of introducing new taxes in the 2025 budget. He advocates for alternative revenue-generating measures, such as improving tax compliance and reviewing tax exemptions, rather than increasing the tax burden on citizens.

The 2025 Budget Statement is expected to address these concerns and outline structural reforms aimed at revitalizing Ghana’s economy. As the nation awaits the Finance Minister’s presentation, there is cautious optimism that the proposed measures will effectively tackle the pressing economic challenges and set Ghana on a sustainable path to prosperity.