Gov’t allocates $279m to GOLDBOD, GH¢13.85bn to Big Push, GH¢242.5m for Akosombo victims
Accra, March 11, 2025 – The Ghanaian government has announced significant budget allocations aimed at addressing economic, educational, and disaster-related challenges, as part of its 2025 Budget Statement and Economic Policy.
Finance Minister Dr. Cassiel Ato Forson, presenting the budget in Parliament, detailed key funding initiatives designed to stimulate growth and improve livelihoods.
Key Budget Allocations for 2025
✅ Gold Industry Support – US$279 Million
The government has set aside the Cedi equivalent of US$279 million as a revolving fund for the Ghana Gold Board (GOLDBOD) to purchase and export at least three tonnes of gold per week from small-scale miners. This initiative is expected to boost Ghana’s gold exports while supporting local miners.
✅ Infrastructure Development – GH¢13.85 Billion
The government has committed GH¢13.85 billion to the Big Push Programme, a major infrastructure initiative that will enhance transportation, energy, and social infrastructure to drive economic growth and national development.
✅ Education Support – GH¢499.8 Million
Under the No-Fees-Stress Initiative, the government has allocated GH¢499.8 million to fund the No-Academic-Fee policy for all first-year students in public tertiary institutions. This policy aims to ease the financial burden on students and families while expanding access to higher education.
✅ Menstrual Hygiene Initiative – GH¢292.4 Million
The government will spend GH¢292.4 million on the distribution of free sanitary pads to female students in primary and secondary schools, ensuring that menstrual hygiene is no longer a barrier to education for young girls.
✅ Disaster Relief Efforts – GH¢442.5 Million
- GH¢242.5 million has been allocated to support victims of the Akosombo Dam spillage.
- GH¢200 million will be used to assist victims of tidal wave disasters in Agavedzi and surrounding areas in the Ketu South constituency.
Government’s Vision for 2025
Dr. Forson emphasized that these allocations are strategic investments aimed at strengthening key sectors, supporting vulnerable communities, and promoting inclusive economic growth.
The budget highlights Ghana’s commitment to fiscal responsibility, social welfare, and long-term development as the government seeks to revitalize the economy and improve living standards for all citizens.
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