Minister for Finance, Dr. Cassiel Ato Forson, presents 2025 Budget
“Government remains steadfast in achieving the IMF programme and restore credit worthiness.”
“Government has allocated GHS 300 million to the National Apprenticeship Programme.”
“GHS51.3m seed fund allocated for the Women’s Development Bank.”
“A minimum of 80 per cent of the District Assembly Common Fund should be sent directly to the Assemblies.”
“Government has allocated GHS 7.5 billion to the District Assemblies Common Fund.”
“Government has allocated GHS10 billion for the National Health Insurance Scheme for payment of claims and acquisition of essential medicines.”
“Government has allocated GHS 3.5 billion for funding the Free Senior High School this year and an additional GHS 4.1 billion from uncapping the GETfund.”
“GETFund has been uncapped to provide dedicated funding for Free SHS and free tertiary education for persons with disabilities.”
“We have allocated GH¢292.4 million to commence the distribution of free sanitary pads to female students in primary and secondary schools.”
“Government has allocated GHS 13.85 billion for the big PUSH project this year.”
“We will formalise the export of Ghanaian labour to other countries.”
“GHS13.85bn allocated for governments big PUSH programme.”
Parliament House, 1:40PM
“Government will, this year, begin the implementation of the US$10 billion big PUSH project for strategic infrastructure development to open up the economy.”
“Government to restructure the Bank of Ghana to ensure its operational independence.”
“Labour and GIPC Acts to be reviewed to support 24-hour economy initiative.”
“E-levy would have accrued GHS1.9 billion and the Betting tax would have accrued GHS180 million. The two put together are just above GHS2 billion.
“By reducing the tax refund account from six to four, it is enough to remove these taxes, and the savings will be provided to take care of social interventions. Already, we have saved GHS3.8 billion for 2025 alone from one source.”
“Government projected revenue this year is GHS223.8 billion representing 17.2 per cent of GDP.”
“Government, in collaboration with key stakeholders, will roll out technology-driven approach to reintroduce road tolls this year.”
Parliament House, 1:20PM
“Government will abolish the 10 per cent betting tax, 1 per cent e-levy and emission tax to reduce the burden on households and to enhance disposable incomes.”
“GhanaCARES, YouStart and One District One Factory will be eliminated to reduce expenditure.”
“We will cut waste and we will cut it very deep.”
“Government will conduct comprehensive audit of all arrears and amend the Public Procurement Act to ensure value for money.”
“Government will implement three-pronged approach to reduce expenditure including restoring fiscal responsibility.”
“At the end of 2024, the Cedi had depreciated by 19.2 per cent against the US Dollar, 17.8 per cent against the British Pounds and 13 per cent against the Euro.”
“Government’s approach is to foster economic growth, lower inflation, and stabilise the Cedi.”
Patronise made in Ghana goods under the 24-hour economy initiative, – Dr Cassiel Ato Forson, Minister of Finance, tells citizens.
Parliament House, 1:00PM
“The state of our economy is troubling but we will fix it; we will take strong measures to confront the situation.”
“We’re committed to completing the remaining debt restructuring as soon as possible.”
“The financial sector will require GHS10.45 billion to address the financial sector legacy issues.”
Parliament House, 12:50PM
“It will take a minimum of 12 years to complete all stalled projects (including Effia Nkwanta Regional Hospital, Phase 2 of Kejetia market etc.)”
“Ghana’s legacy debts was $1.73 billion ending the year 2024.”
“Cocoa production dropped by nearly 50 percent in the last three years.”
“The debt restructuring [programme] was designed to make the year 2027 heavy. It is cancerous. But I assure you, we will fix it.”
“55 projects have come to a staggering halt.”
Parliament House, 12:40PM
“Ghana is supposed to pay US$8.7 billion in external debts by 2028.”
“As of December 2024, the Ministries, Departments and Agencies (MDAs) have awarded contracts worth GHS194 billion, representing 16.5 per cent of GDP.”
“Ghana’s arrears was GHS67.5 billion as of December 2024.”
“The Fourth review of Ghana’s US$3bn Extended Credit Facility with the IMF is set for April 2025.”
“We inherited an economy that was in deep crisis.”
“The voices of the youth matter in designing policies.”
“The overriding concern of Ghanaians is price and exchange rate stability.”
“President Mahama has chosen the path of recovery. He will fix the economy.”
“Government is set to reset the economy through sound policy and structural reforms.”
Parliament House, 12:24PM
“2025 Budget:Government is committed to pursuing the 24-hour economy to stimulate economic growth,” — Dr Cassiel Ato Forson, Finance Minister