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Dr. Cassiel Ato Forson Presents 2025 Budget: Key Policy Highlights and Economic Roadmap
Today, Finance Minister Dr. Cassiel Ato Forson will present the 2025 Budget Statement and Economic Policy to Parliament, marking the first comprehensive financial plan under the Mahama administration.
This highly anticipated budget is expected to introduce bold policy measures aimed at stabilising the economy, fostering growth, and addressing the nation’s fiscal challenges.
Ghana continues to grapple with high debt levels, inflation, and unemployment. As a result, expectations are high for Dr. Forson to outline strategies that will provide relief to businesses and households while steering the country towards economic recovery.
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One of the key aspects of the budget presentation will be the government’s approach to revenue generation and fiscal management. With public debt remaining a pressing issue, the administration will have to strike a delicate balance between meeting expenditure needs and maintaining fiscal discipline.
A major highlight of the 2025 budget is the anticipated removal of several controversial taxes, including the Electronic Transfer Levy (E-Levy), the COVID-19 Health Levy, and the Betting Tax. These levies, introduced by the previous administration, faced widespread criticism for exacerbating the financial burden on citizens and businesses.
The Mahama-led government, which campaigned on a platform of reducing the tax burden, views the elimination of these taxes as a crucial step in alleviating economic hardship and stimulating business growth.
The removal of these levies is expected to benefit mobile money users, businesses, and individuals engaged in online betting, while also contributing to increased economic activity. However, the government will need to outline alternative revenue measures to compensate for the potential shortfall.
Beyond tax policy, the budget is also expected to prioritise job creation, infrastructure development, and social interventions aimed at improving the livelihoods of Ghanaians. Given the country’s economic challenges, Dr. Forson’s budget will serve as a litmus test of the administration’s ability to balance fiscal discipline with pro-growth policies.
With many Ghanaians eagerly anticipating the budget statement, attention will be focused on how the government plans to execute its policies while ensuring long-term economic sustainability. As Dr. Forson takes the floor in Parliament, his presentation will not only shape the country’s economic trajectory but also define the credibility of the new administration’s fiscal management approach.
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