Finance Minister, Dr Cassiel Ato Baah Forson, will be delivering the 2025 Mid-Year Budget review in Parliament today, Thursday, July 24, 2025.
Many are expecting the government to at least maintain the trajectory it has taken after assuming office, if expectations of Ghanaians as recorded by OnuaNews‘ correspondents across the country, is anything to go by.
Finance analysts and economists are looking at whether the government will stick to its expenditure as espoused in the budget presented in March this year, or will be seeking extra budget to meet the economic and fiscal adjustments that have emerged since March.
On the whole, Ghana’s macroeconomy has seen significant improvements since this administration took over, with economic indices increasing the expectations of the public for a fiscal policy stance that promotes consolidation, investor confidence, and long-term price stability.
At the beginning of the year, inflation stood at 23.5 per cent but has dropped significantly to 13.7 per cent by the end of June 2025.
This has raised the expectations on the economy, with analysts projecting a possible single digit by close of the year, ahead the official target of 11.9 per cent.
Also, Ghana’s currency, the cedi, has seen significant stability, after recording a sharp recovery from about GH¢15 to the US dollar in January to around GH¢10.45 currently.
The cedi’s strong performance — having gained 42.6 per cent year-to-date against the US dollar — has been attributed to improved inflows from gold and cocoa exports, remittances, and renewed investor confidence.
Although some retailers have responded to the appreciation by reducing the prices of their wares, manufacturers on the other hand, are monitoring the stability within a 60-day pricing window agreed upon with key business associations.
On the fiscal side, the removal of the betting tax has been widely welcomed, but the newly introduced GH¢1 fuel levy has faced public backlash. Stakeholders are eager to learn whether the review will provide clarity on the duration of the levy or introduce a sunset clause.
Meanwhile, economic growth prospects appear promising.
Although the government initially projected GDP growth at 4.4 per cent for 2025, recent data from the Ghana Statistical Service shows a stronger-than-expected 5.3 percent growth in the first quarter alone — likely prompting an upward revision in the fiscal outlook.
Commit more resources to Agric sector in mid-year budget – Peasant farmers tell Ato Forson
