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The government has unveiled major budgetary allocations aimed at addressing key national challenges and fostering economic growth in 2025.
Presenting the budget statement in Parliament, Finance Minister Dr. Cassiel Ato Forson detailed the financial commitments across various sectors, emphasizing their expected impact on national development.
“Mr. Speaker, we are setting aside the Cedi equivalent of $279 million as a revolving fund for the Ghana Gold Board (GOLDBOD). This will enable the purchase and export of at least three tonnes of gold per week from small-scale miners,” Dr. Forson stated.
This initiative is expected to strengthen the small-scale mining industry while enhancing the country’s gold export capacity.
Additionally, the minister announced that GH¢13.85 billion has been earmarked for the Big Push Programme, a large-scale infrastructure initiative designed to accelerate economic development. The programme will focus on enhancing transportation networks, expanding energy resources, and improving social infrastructure.
As part of efforts to ease the financial burden on students, the government has allocated GH¢499.8 million to support the No-Academic-Fee policy for all first-year students in public tertiary institutions under the ‘No-Fees-Stress’ initiative. This policy seeks to increase access to higher education by eliminating academic fees for new entrants.
To promote menstrual hygiene and support female students, GH¢292.4 million has been allocated for the distribution of free sanitary pads to girls in primary and secondary schools. This measure aims to ensure that menstrual health does not become a barrier to education.
In response to recent disasters, the government has set aside GH¢242.5 million to provide relief and support for victims affected by the Akosombo dam spillage. Additionally, GH¢200 million has been allocated to assist residents of Agavedzi and nearby communities in the Ketu South constituency who were displaced by severe tidal waves.
