Dr Cassiel Ato Forson has today 11th March 2025, presented the 2025 Budget and Economic Policy to Parliament.
The theme of the 2025 Budget is “Resetting Ghana for the economy we want.”
The finance minister in the budget reading announced that the government will be abolishing the Electronic Transaction Levy (E-levy), and the 10% tax on lottery winnings also known as the betting tax.
He stated, “ “We have programmed the following taxes for removal in line with our manifesto promises. Mr Speaker, we will abolish the 10% tax on winning from lottery”.
“We remain committed to the pursuit of the 24-Hour Economy Policy,” he stated, emphasising that the policy is crucial for enhancing our economic resilience and ensuring sustainable growth,” he further stated.
Dr Cassiel Ato Forson has already 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, unanimously approved the budget.
Dr. Forson emphasized the need for expenditure cuts due to the current economic challenges.
The government has already pledged to remove some levies, including the betting tax and e-levy.
See the full statement below:
