Facebook Pixel
BE

Built Editorial

12 Mar, 2025

blogpost

Resetting the Economy: A Comprehensive Report on Ghana’s 2025 Budget Reading

Uncategorized

The 2025 Budget, presented by Dr. Cassiel Ato Forson, Ghana’s Minister for Finance, marked a significant turning point for the nation’s economic trajectory. Under the theme “Resetting the Economy for the Ghana We Want,” the budget aims to stabilize Ghana’s financial landscape, address structural inefficiencies, and pave the way for sustainable growth.

A Nation at a Crossroads

Ghana’s economy in 2024 was characterized by mounting debt, inflationary pressures, and fiscal instability. The government inherited an economy in deep crisis, burdened with a GH¢67.5 billion central government arrears, an escalating energy sector debt, and declining cocoa production. Despite an IMF-supported program, inflation rose to 23.8% in 2024, exceeding both government and IMF targets. The primary balance deteriorated significantly, and exchange rate volatility persisted, eroding business confidence.

Key Fiscal Policy Objectives

The 2025 Budget outlines a bold fiscal framework centered on:

Expenditure and Revenue Measures

Expenditure Cuts and Efficiency Measures

Revenue Mobilization and Tax Reforms

Sectoral Interventions and Economic Transformation

Job Creation and Economic Growth Initiatives

Social Protection and Human Capital Development

  • Increased Funding for Social Programs:

Macroeconomic Stability and Debt Management

The government aims to restore fiscal discipline through a three-pronged approach:

To manage the country’s debt:

Energy and Cocoa Sector Reforms

Addressing Energy Sector Fiscal Risks

Reviving the Cocoa Sector

A Call for National Support

The 2025 Budget is an ambitious yet necessary reset of Ghana’s economic policies. It demands sacrifices from all stakeholders—government, businesses, and citizens—to rebuild a resilient and inclusive economy. By prioritizing fiscal discipline, economic transformation, and social protection, Ghana aims to emerge from its economic turmoil and chart a sustainable path to prosperity.

logo
support@built.africa

1151 Walker Rd Ste 100

Delaware, United States

+233 303 974 832 / 0308040007 (Ghana only)
+232 73 550 000 (Sierra Leone only)
+254 740 062 164 (Kenya only)
+234 906 084 9345 (Nigeria only)
facebook
linkedIn
youtube
instagram
twitter
tiktok
© 2025 Built Financial Technologies Inc. "Built Online Accounting", "Thrive Microcredit", "Built Financial Technologies Ltd" are registered subsidiaries of the Company.
Built is not a bank. Built virtual cards and accounts are issued in partnership with licensed banks and mobile money operators.
support@built.africa