Finance Minister to Present 2025 Mid-Year Budget Review Today
Finance Minister to outline economic direction amid falling inflation, cedi recovery, and growing investor confidence.
- Mid-year budget to address inflation drop, strong cedi, and revenue reforms
- Possible supplementary budget and updated growth projections expected
- Stakeholders await policy signals on spending, taxes, and investor confidence
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, is set to deliver the highly anticipated 2025 Mid-Year Budget Review in Parliament today, with national attention fixed on whether government spending will stay within the original budget framework or if a supplementary budget will be requested to accommodate economic and political demands.
This review comes on the back of notable macroeconomic progress. Inflation, which stood at 23.5% at the start of the year, has dropped sharply to 13.7% as of June 2025, fueling hopes of reaching single-digit inflation before year-end — surpassing the initial target of 11.9%.
Another key highlight is the impressive rebound of the cedi. After beginning the year at GH¢15 to the dollar, the local currency is now trading at GH¢10.45, driven by stronger gold and cocoa exports, higher remittances, and renewed investor confidence. This marks a 42.6% year-to-date appreciation.
Meanwhile, Ghana’s international reserves have risen to US$11.1 billion, now covering 4.8 months of imports — a major leap from the US$8.98 billion reported at the close of 2024.
On the revenue front, the scrapping of the controversial betting tax has been well received, but the recent introduction of a GH¢1 fuel levy continues to face public backlash. Many await clarification today on whether the levy will remain or be phased out.
Economic growth also shows positive momentum. Though the government initially projected 4.4% GDP growth for 2025, first-quarter figures from the Ghana Statistical Service show a surprising 5.3% growth, suggesting a possible upward revision in the budget review.
As Parliament gathers, investors, business groups, civil society, and international partners are all keenly watching for signals of continued fiscal discipline, credible policy direction, and a sustainable path forward for Ghana’s economic recovery.
