Finance Minister Dr. Cassiel Ato Forson will today present the 2025 Mid-Year Budget Review to Parliament, with significant national attention on whether the government will stick to its original spending plan or propose a supplementary budget amid evolving fiscal pressures.
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The presentation comes at a time when Ghana’s macroeconomic outlook is showing notable improvement.
Inflation has dropped from 23.5% in January to 13.7% in June, prompting optimism that the country may hit single-digit inflation before the year ends, surpassing the official 11.9% target.
Another area of renewed confidence is the Ghana cedi, which has appreciated from GH¢15 per USD in January to about GH¢10.45, bringing relief to importers and stabilizing retail prices.
On the fiscal front, the removal of the betting tax was well-received, but the GH¢1 fuel levy has faced criticism. Many Ghanaians are eager to hear whether the budget review will adjust this controversial tax or introduce a sunset clause for its removal.
Meanwhile, economic growth is outperforming projections. While the government had forecasted a 4.4% GDP growth for 2025, fresh data from the Ghana Statistical Service shows 5.3% growth in the first quarter alone, possibly triggering an upward revision in the full-year forecast.
Analysts and citizens alike are watching closely to see if today’s review will translate these gains into reduced fiscal burden, improved public spending efficiency, and clearer social intervention policies heading into the final half of the year.
