Dr Cassiel Ato Forson, Minister for Finance, will today, Thursday, July 24, 2025, present the much-anticipated 2025 Mid-Year Budget Review to Parliament, with all eyes keenly fixed on whether the government will maintain its original expenditure envelope or seek a supplementary budget in response to emerging fiscal and political pressures.
The review is being delivered against a backdrop of notable improvements in Ghana’s macroeconomic indicators, which have raised expectations for a fiscal policy stance that promotes consolidation, investor confidence, and long-term price stability.
Earlier, President John Dramani Mahama hinted that the upcoming Mid-Year Budget is expected to deliver positive developments for the Ghanaian economy.
According to him, key economic updates—likely to be elaborated on further in August—could signal improved fiscal performance or policy adjustments aimed at providing relief for Ghanaians amid ongoing economic challenges.
Major highlights from the 2025 budget included:
- Economic Recovery: The government committed to reducing domestic borrowing and cutting down on public expenditure in a bid to stabilise the economy.
- Job Creation and Industrial Support: A central policy thrust was on generating employment opportunities, particularly by supporting local businesses and rolling out social welfare programs.
- Infrastructure Development: Through the Big Push Infrastructure Programme, the government pledged to prioritise high-impact projects across the country, especially in the road and transport sector.
The mid-year budget presentation is expected to shed light on the government’s revenue and expenditure performance for the first half of the year, and whether fiscal targets set in March are being met.
It will also likely address economic shocks, changes in inflation, exchange rate dynamics, and government plans for the remainder of the year.
As the date approaches, stakeholders from across the political divide, civil society, and the private sector are keenly anticipating the review to gauge the government’s fiscal direction amid global uncertainty and local economic pressures.
