Finance Minister to Present 2025 Budget Today: Key Policies and Economic Strategies Expected
Accra, March 11, 2025 – Minister of Finance, Dr. Cassiel Ato Forson, will today present the 2025 Budget Statement and Economic Policy to Parliament, unveiling the first major economic blueprint of the Mahama administration since assuming office.
The highly anticipated budget is expected to outline key strategies aimed at stabilizing the economy, fostering growth, and addressing fiscal challenges.
Key Highlights Expected in the Budget:
1. Removal of Controversial Taxes
🚫 The government is expected to scrap several unpopular levies, including:
✅ Electronic Transfer Levy (E-Levy)
✅ COVID-19 Health Levy
✅ Betting Tax
These taxes, introduced by the previous government, faced strong public opposition, with critics arguing they placed undue financial strain on individuals and businesses. The Mahama administration has pledged to reduce the tax burden while implementing new economic recovery measures.
💡 Impact:
📉 Relief for mobile money users, businesses, and betting industry players.
📈 Boost in consumer spending and business confidence.
2. Focus on Job Creation & Economic Recovery
🛠️ The budget is expected to outline initiatives aimed at:
✅ Expanding employment opportunities
✅ Supporting Small and Medium Enterprises (SMEs)
✅ Investing in key sectors like agriculture, manufacturing, and digital economy
💡 Goal: To drive economic growth and reduce unemployment.
3. Infrastructure Development
🏗️ The government is set to prioritize infrastructure projects, including:
✅ Road networks and transportation systems
✅ Healthcare and educational facilities
✅ Energy and housing projects
💡 Outcome: Enhanced public services and economic productivity.
4. Social Interventions to Improve Livelihoods
👨👩👧👦 The Mahama administration is expected to enhance social intervention programs, including:
✅ Free Primary Healthcare Expansion
✅ Support for Vulnerable Groups
✅ Affordable Housing Projects
💡 Impact: Improved living standards and poverty alleviation.
What’s Next?
With Ghanaians eagerly awaiting the budget presentation, all eyes will be on how the government plans to balance economic relief with sustainable fiscal management.
📢 Stay tuned for live updates and in-depth analysis!
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