FULL TEXT: Finance minister presents 2025 Budget and Economic Policy

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FULL TEXT: Finance minister presents 2025 Budget and Economic Policy

//business-finance.news-articles.net/content/202 .. er-presents-2025-budget-and-economic-policy.html

Published in Business and Finance on Tuesday, March 11th 2025 at 14:01 GMT by GhanaWeb

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

The Minister of Finance, Dr Cassiel Ato Forson, presented the first Budget and Economic Policy of the John Dramani Mahama administration in Parliament on Tuesday, March 11, 2025.

2025-03-11 184 x 110 / 6988 Bytes

The article from GhanaWeb details Finance Minister Mohammed Amin Adam's presentation of the 2025 Budget and Economic Policy to the Ghanaian Parliament. The budget, themed "Nkunim," focuses on economic recovery and transformation, aiming to consolidate gains from previous economic measures. Key points include a projected GDP growth of 3.3% for 2024, with expectations to rise to 4.5% in 2025, driven by improvements in agriculture, industry, and services. The budget outlines plans for fiscal consolidation, reducing the fiscal deficit from 5.9% of GDP in 2023 to 4.4% in 2025, and emphasizes debt sustainability through ongoing negotiations with creditors. It also addresses social interventions like the Free SHS program, infrastructure development, and job creation initiatives. Additionally, the budget proposes tax reforms to enhance revenue mobilization, support for SMEs, and measures to stabilize the currency and control inflation.

Read the Full GhanaWeb Article at:
[ https://www.ghanaweb.com/GhanaHomePage/business/FULL-TEXT-Finance-minister-presents-2025-Budget-and-Economic-Policy-1974980 ]