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Finance Minister Dr. Cassiel Ato Forson will today present the 2025 Budget Statement and Economic Policy to Parliament, marking the Mahama administration’s first comprehensive financial roadmap since assuming office.
The highly anticipated budget is expected to introduce bold policies aimed at stabilizing the economy, addressing fiscal challenges, and promoting growth. With Ghana still struggling with high debt levels, inflation, and unemployment, many are looking to Dr. Forson for measures that will provide relief to businesses and households while steering the country toward recovery.
One of the key highlights is the expected removal of several controversial taxes, including the Electronic Transfer Levy (E-Levy), the COVID-19 Health Levy, and the Betting Tax. These levies, introduced by the previous administration, were widely criticized for burdening citizens and businesses. The Mahama government views their removal as a necessary step to ease economic hardships and stimulate growth.
While mobile money users, businesses, and online bettors stand to benefit from these tax cuts, the government will need to outline alternative revenue sources to make up for the shortfall.
Beyond tax policy, the budget is also expected to emphasize job creation, infrastructure development, and social interventions to improve livelihoods. Given Ghana’s economic difficulties, this budget will be a crucial test of the administration’s ability to balance fiscal discipline with pro-growth strategies.
