The Minority in Parliament has formally reacted to the 2025 Budget Statement and Economic Policy of the Mahama Administration, presented by the Finance Minister, Dr Cassiel Ato Forson on March 11.
Presenting their critique of the budget on March 13, the Minority, represented by Dr Mohammed Amin Adam, accused Dr Forson of manipulating figures to present a sorry state of the economy handed over to the current administration.
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Read full statement below:
NPP MINORITY PRESS CONFERENCE ON 2025 BUDGET STATEMENT- PARLIAMENT HOUSE
13TH MARCH 2025
“The program’s primary fiscal balance is cumulative from the beginning of the fiscal year and is measured as the difference between the primary balance on cash basis from the financing side and of the net change in the stock of payables (“outstanding payments”) of the central government reported in GIFMIS, including payables of statutory/earmarked funds (SFs) defined as outstanding payments from the consolidated funds to the SFs, and of the energy sector, defined as the difference between the total fixed cost bills received by ECG from IPPs and fuel suppliers and the payment made by ECG and the Government of Ghana including exchange adjustment and Natural Gas Clearinghouse credit notes”
IMF Program
Debt Management
Growth Rate
External Sector
Fiscal Sector
“Ghana’s policy and reform efforts under the IMF-supported program have continued to deliver encouraging results. Following acute economic and financial pressures in 2022, the Fund-supported program has provided a credible anchor for the government to adjust macroeconomic policies and launch comprehensive reforms to restore macroeconomic stability and debt sustainability, while laying the foundations for higher and more inclusive growth. These efforts are paying off, with growth recovering rapidly, inflation declining, although at a slower pace, and the fiscal and external positions further improving. The medium-term outlook remains favorable but subject to downside risks, including those stemming from the elections and the challenges in the energy sector”.
2025 Revenues
2025 Expenditures
Ghana’s Debt
Financial Sector Performance
Yield Curve
EVERY DAY ISSUES
Ladies and gentlemen of the press, ahead of the budget reading, there are a number of issues that many Ghanaian youth and small businesses were expecting will be addressed by the new Government’s economic policy. These included issues of Cost-of-Living challenges, unemployment, investments in infrastructure, investments in education and efforts to improve the business climate.
IMF.
Thank you
