Ghana’s Finance Minister, Dr. Cassiel Ato Forson, is set to deliver the 2025 Budget Statement and Economic Policy to Parliament today, a key milestone for the newly installed Mahama administration as it seeks to reset the country’s economic direction.
This will be the administration’s first official budget and is expected to set the tone for its broader economic recovery agenda amid high public expectations for relief and reform.
Focus on Removing Burdensome Taxes
Among the most anticipated aspects of the presentation is the potential scrapping of several unpopular taxes—including the Electronic Transfer Levy (E-Levy), the COVID-19 Health Levy, and the Betting Tax. These levies, introduced by the previous government, sparked public backlash and have been considered contributing to rising living costs.
Read Also: DR Congo offers $5m bounties for rebel leaders
The expected removal of these taxes aligns with President Mahama’s campaign promise to ease the financial pressure on Ghanaians, particularly mobile money users, small business owners, and the country’s youth engaged in digital betting.
A Budget for Relief and Recovery
The 2025 budget is also projected to place strong emphasis on job creation, infrastructure development, and targeted social interventions to improve the quality of life for Ghanaians and stimulate inclusive growth.
Government sources suggest the budget will prioritize pragmatic policies aimed at restoring macroeconomic stability while rebuilding investor confidence and public trust in fiscal management.
As Parliament braces for the announcement, Ghanaians across the country are watching closely, hoping that the new government’s promises of relief and opportunity will finally begin to materialize.
