The Minister for Finance, Dr. Cassiel Ato Baah Forson, will present Ghana’s Mid-Year Budget Review to Parliament on Thursday, July 24, 2025, according to an official announcement made by the Majority Chief Whip, Mr. Rockson-Nelson Etse Kwame Dafeamekpor.
Mr. Dafeamekpor made the announcement during Thursday’s parliamentary proceedings, which were presided over by Mr. Bernard Ahiafor, the First Deputy Speaker of Parliament.
“Mr. Speaker, the Minority Chief Whip is aware the Finance Minister will present the Mid-Year Budget on July 24 to this House,” Mr. Dafeamekpor said on the Floor.
His remarks came in response to a request by Mr. Frank Annoh-Dompreh, the Minority Chief Whip, who had called on the Finance Minister to appear before the House to deliver the mid-year review.
The presentation will be made in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921), which mandates the Minister for Finance to update Parliament on the state of the economy and the implementation of the national budget by mid-year.
Mid-year review expected to bring “Good News”
President John Dramani Mahama has 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.
2025 budget focused on recovery and growth
The Mid-Year Budget Review follows the presentation of the 2025 Budget Statement and Economic Policy to Parliament by Dr. Forson on Tuesday, March 11, 2025.
That budget was themed “Resetting Ghana for the Economy We Want”, and focused heavily on strategies to restore economic stability, create jobs, and invest in key sectors.
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 stabilize 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 prioritize high-impact projects across the country, especially in the road and transport sector.
The July 24 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.
