Finance Minister, Dr. Cassiel Ato Forson, will present the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, in line with the Public Financial Management Act (Act 921) and the Financial Administration Act.
The review will provide an update on government’s economic performance for the first half of the year and outline adjustments to the fiscal strategy for the remaining six months.
Key Highlights to Expect
Macroeconomic Trends: Updates on inflation, exchange rate performance, debt servicing, and structural reforms.
Revenue and Spending: Insights into revenue mobilization and whether the country is on track to meet end-year targets.
Growth and Recovery: The presentation will highlight efforts to sustain Ghana’s current economic recovery.
Recent data from the Bank of Ghana shows promising signs:
Real GDP grew by 5.3% in Q1 2025, driven by agriculture and services.
Non-oil GDP rose by 6.8%, while the Composite Index of Economic Activity climbed 4.4% year-on-year in May.
Private sector credit grew to 19.9% in April, nearly doubling last year’s rate.
A trade surplus of US$5.6 billion and a current account surplus of US$3.4 billion were recorded in H1 2025, boosted by strong gold and cocoa exports.
Dr. Forson is also expected to provide an update on Ghana’s IMF programme, including compliance with conditionalities and progress on agreed reforms.
