The much-anticipated 2025 Budget and Financial Coverage Assertion has been introduced by Finance Minister Dr Cassiel Ato Forson, outlining key monetary and policy decisions that may form Ghana’s financial route within the coming yr.
From main tax cuts and social interventions to budgetary allocations for crucial sectors, the funds offers insights into the federal government’s priorities underneath President John Mahama’s administration.
On this article, we break down six of a very powerful highlights from the 2025 Price range presentation, masking every little thing from financial reforms to key infrastructural investments. Right here’s what you must know.
1. Scrapping of Taxes
Ghana’s Finance Minister, Dr Cassiel Ato Forson, has introduced that several “nuisance” taxes might be abolished within the coming days. These embrace:
2. GH₵3.5 Billion Budgeted for Free Senior Excessive College Programme
Dr Cassiel Ato Forson has revealed that the federal government has allotted GH₵3.5 billion for the Free Senior Excessive College (SHS) coverage.
Presenting the 2025 Price range in Parliament on Tuesday, eleventh March, he famous that the John Mahama-led administration has addressed funding considerations for the coverage by uncapping the GETFund.
Moreover, the federal government has allotted GH₵292.4 million to start the distribution of free sanitary pads to feminine college students in major and secondary faculties.
3. GH₵200m for Tidal Wave Catastrophe, GH₵242.5m for Akosombo Spillage
Weeks after being left homeless, uncovered to harsh climate situations, and on the mercy of mosquitoes, victims of current tidal waves and final yr’s Akosombo and Kpong Dam spillage can now heave a sigh of aid.
The federal government has allotted GH₵200 million to help victims of the tidal wave catastrophe. Equally, GH₵242.5 million has been allotted to help victims of the Akosombo Dam spillage.
4. GH₵292.4m Allotted for Free Sanitary Pads for Schoolgirls
Finance Minister Dr Cassiel Ato Forson introduced that GH₵292.4 million has been allotted to provoke the distribution of free sanitary pads.
This initiative, first pledged by President John Dramani Mahama throughout his 2025 State of the Nation Deal with (SONA), underscores the federal government’s dedication to selling menstrual hygiene and making certain no lady misses college because of a scarcity of sanitary merchandise.
5. Authorities Commences Bold Plan to Export Ghanaian Employees Overseas
Dr Cassiel Ato Forson additionally introduced that the federal government has begun plans to formalise the export of Ghanaian labour to different international locations.
The initiative is a part of the Ghana Labour Export Programme, proposed by President John Mahama and the Nationwide Democratic Congress (NDC) forward of the 2024 election.
Beneath the programme, expert Ghanaian staff might be given alternatives to work overseas for specified durations, gaining expertise whereas contributing to the economies of host international locations.
6. Authorities Scraps 1 District 1 Manufacturing facility, Ghana CARES, and YouStart Initiatives
Dr Cassiel Ato Forson introduced that the federal government will eradicate the One District One Factory (1D1F), the YouStart programme, and the Ghana CARES “Obaatan Pa” initiatives.
In line with him, this transfer aligns with President John Mahama’s dedication to decreasing wasteful authorities expenditure.
Presenting the 2025 Price range and Financial Coverage Assertion in Parliament on Tuesday, eleventh March, Dr Forson reiterated the federal government’s dedication to prudent monetary administration.
