Ghana's 2025 Budget Aims to Forge "Stronger Future" Amid Economic Warnings | News Ghana
The budget, Dr. Forson’s first since assuming office, is poised to outline sweeping measures to reset Ghana’s economy in line with President John Mahama’s transformation agenda.
In a bid to foster public engagement, the Finance Minister took to social media this week, urging citizens to share their priorities. “What areas should be a top priority? Let’s talk about what matters most to you!” he posted on X (formerly Twitter), accompanied by a countdown to the budget’s unveiling. The call underscores the government’s emphasis on inclusive policymaking, with inputs expected to reflect recommendations from last week’s National Economic Dialogue (March 3–4).
Felix Kwakye Ofosu, Minister for Government Communications, confirmed the budget’s policies will be heavily informed by the Dialogue, which convened stakeholders to address Ghana’s pressing fiscal challenges. He also revealed preparations are underway to fully roll out President Mahama’s flagship “24-hour economy” initiative, spearheaded by advisor Gossie Tandoh. The policy aims to stimulate round-the-clock commercial activity to boost productivity and job creation.
However, the optimism surrounding the budget is tempered by stark economic warnings. Dr. Forson reportedly informed Cabinet that Ghana’s fiscal outlook is “dire,” with figures “worse than previously known before the elections.” While specifics remain undisclosed, the admission signals potential austerity measures or bold interventions to stabilize the economy, which continues to grapple with high public debt, inflation, and currency volatility.
Analysts suggest the 2025 budget represents a critical juncture for the Mahama administration, balancing ambitious reforms against the reality of limited fiscal space. Key areas of focus are likely to include debt management, social welfare programs, and infrastructure investment, though Dr. Forson has yet to disclose details.
As Ghanaians await Tuesday’s presentation, the government faces mounting pressure to deliver a coherent strategy that restores confidence while addressing immediate hardships. Kwakye Ofosu is expected to brief the media later today on the outcome of Friday’s special Cabinet session, chaired by President Mahama, which finalized the budget’s framework.
The budget’s success may hinge on its ability to translate dialogue into actionable solutions—a test of whether “shaping a stronger future” can move from slogan to substance.
With just 5 days to the Presentation of Budget 2025 on Tuesday, March 11th!
The anticipation is building, and we want to hear from YOU!
What are your expectations for this year’s budget?
What areas should be a top priority? Drop your thoughts in the comments!
This budget… pic.twitter.com/IbIXGjUc7G
— Cassiel Ato Forson(PhD) (@Cassielforson) March 6, 2025
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