The 2025 budget has been approved by cabinet ahead of its scheduled presentation to Parliament by Finance Minister Cassiel Ato Forson on March 11, 2025.
Minister of State in charge of Government Communication, Felix Kwakye Ofosu, made this announcement during a press briefing following a special Cabinet meeting held on March 7.
He indicated that the budget is designed to address the nation’s prevailing economic challenges while prioritizing key areas of the John Dramani Mahama administration.
He reassured Ghanaians that the financial plan is focused on stabilizing the economy and fostering sustainable growth.
Finance Minister Dr. Cassiel Ato Forson has presented the 2025 Budget to Cabinet for scrutiny, ahead of its presentation to Parliament on March 11.
The Cabinet meeting, chaired by President John Mahama, aimed to ensure the budget and key policy proposals receive full government endorsement.
Dr. Forson emphasized the need for expenditure cuts due to the current economic challenges.
While the specific areas for cuts remain undisclosed, the Finance Minister stressed the importance of fiscal discipline.
He also proposed rationalizing the current tax structure, including the Value Added Tax.
The final budget document is set to be presented to Parliament on March 11, 2025, where it will undergo further scrutiny and debate.
Meanwhile, the John Jinapor has also outlined the Cabinet’s decision to construct a second gas processing plant as part of efforts to tackle the nation’s energy shortfall.
He emphasized the urgency of interventions to strengthen energy security and ensure a stable power supply.
Additionally, he disclosed that the Cabinet has approved a series of measures aimed at addressing Ghana’s energy challenges in the short, medium, and long term.
