Finance Minister Dr. Cassiel Ato Forson will today present the 2025 Mid-Year Budget Review to Parliament, amid high public and investor interest over whether government will stick to its current spending plan or request supplementary funding in response to fiscal and political pressures.
The presentation comes at a time of improved macroeconomic performance. Inflation has dropped from 23.5% in January to 13.7% by end-June 2025, raising hopes of achieving single-digit inflation ahead of the 11.9% target.
The cedi has also rebounded strongly, appreciating from around GH¢15 to the dollar in January to about GH¢10.45, leading to modest price reductions in retail markets. Manufacturers, however, are waiting to see if the currency holds steady within a 60-day pricing framework agreed with business groups.
On fiscal matters, the scrapping of the betting tax has been widely praised, while the new GH¢1 fuel levy has drawn criticism. There is growing anticipation that today’s review will address its timeline or possibly introduce a sunset clause.
Meanwhile, the economic outlook is brighter than expected. Ghana’s GDP grew by 5.3% in the first quarter, surpassing the initial 2025 target of 4.4%, suggesting a possible revision in the government’s full-year growth projection.
