Finance Minister Dr. Cassiel Ato Forson is scheduled to present the 2025 Mid-Year Budget Review to Parliament today.
In accordance with the Financial Administration Act and Section 28 of the Public Financial Management Act, 2016 (Act 921), the Finance Minister is required to brief Parliament on the nation’s fiscal performance for the first half of the year and outline government’s fiscal strategy for the remaining six months.
The mid-year review is expected to highlight key indicators, including revenue performance, expenditure trends, and progress made toward meeting the 2025 fiscal targets. Dr. Ato Forson is also anticipated to outline policy adjustments and economic measures aimed at sustaining the country’s ongoing economic recovery.
In a post on his X page ahead of the mid-year budget presentation on Thursday, July 24, Dr Forson said that “At my vetting, I made a firm commitment to the Ghanaian people: to stabilise the exchange rate, reduce inflation, and create jobs.
“These were not mere words—they were promises backed by action. Soon after, I stepped out of the meeting rooms and into the markets to hear firsthand how the cedi’s depreciation was affecting livelihoods. I listened, I took note, and I acted in the 2025 Budget. I laid out a clear roadmap—concrete measures to restore economic stability and rebuild confidence.”
“Now, as we approach the Mid-Year Fiscal Policy Review, I return to you, the people, to reflect on the journey so far—and to ask: are we making the needed impact so far?” he added.
As anticipation builds, various stakeholders are closely watching for updates, especially regarding taxation and government spending.
The Ghana Chamber of Mines, in particular, has urged the government to reconsider the proposed increase in the Growth and Sustainability Levy from 1% to 3%, citing concerns over its potential impact on the mining sector.
Source : Peacefmonline.com/Ghana
