Dr. Cassiel Ato Forson, Ghana’s Finance Minister, will unveil the government’s economic vision today with the presentation of the 2025 Budget Statement and Economic Policy to Parliament.
The budget is expected to prioritize economic stabilization, growth, and fiscal discipline, building on the Mahama administration’s campaign promises.
Key policy directions will focus on stimulating economic recovery, creating jobs, and implementing social interventions to improve living standards.
In a move likely to provide relief to individuals and businesses, the government is expected to announce the removal of several contentious taxes.
These include the Electronic Transfer Levy (E-Levy), COVID-19 Health Levy, and Betting Tax, which were introduced by the previous administration and widely criticized for exacerbating the financial burden on Ghanaians.
The tax cuts are part of a broader strategy to ease the tax burden, promote economic growth, and increase revenue through more efficient tax administration.
The budget is also expected to allocate resources to critical sectors such as infrastructure development, education, and healthcare.
As the government presents its economic blueprint, stakeholders will be watching closely to see how the administration plans to address the country’s fiscal challenges, promote sustainable growth, and improve the overall well-being of Ghanaians.