Finance Minister Cassiel Ato Forson has presented the 2025 Budget to Parliament, outlining a total appropriation of GH¢290.9 billion for the fiscal year.
This announcement marks a significant milestone in the government’s efforts to promote economic growth and development.
According to Forson, the total revenue and grants for 2025 are projected at GH¢223.8 billion, representing 17.2% of GDP. This is an increase from GH¢186.5 billion in 2024, which accounted for 17.4% of GDP.
“The projection is underpinned by non-oil revenue measures which are expected to yield at least 0.5 percent of GDP,” Dr. Forson explained.
The Minister also revealed that total expenditure for 2025 have been programmed at GH¢269.1 billion, representing 20.7% of GDP.
This is a decrease from GH¢279.2 billion in 2024, which accounted for 26.0% of GDP.
“Total Expenditure (Commitment) for 2025 has been programmed at GH¢269.1 billion (20.7% of GDP), down from GH¢279.2 billion (26.0% of GDP) in 2024,” Dr. Forson noted.
Primary expenditure on a commitment basis, excluding interest payments, is projected at GH¢204.7 billion, representing 15.8% of GDP in 2025.
This marks a significant decline from GH¢232.4 billion in 2024, which accounted for 21.7% of GDP.
“Primary Expenditure on a commitment basis (expenditures net of interest payments) is projected at GH¢204.7 billion, representing 15.8% of GDP in 2025, a significant decline from GH¢232.4 billion, representing 21.7% of GDP in 2024,” Dr. Forson explained.
The total appropriation for the 2025 fiscal year is GH¢290,971,212,435.
“Mr. Speaker, based on the resource allocations for the 2025 fiscal year, the total appropriation for the year ending 31st December 2025 is GH¢290,971,212,435,” Dr. Forson stated.
This budget presentation comes on the heels of the government’s efforts to address the economic challenges facing the country.
In a previous statement, Dr. Forson assured that the government would settle all repayments under the Domestic Debt Exchange Programme (DDEP).
The Minister has also urged the Ghana Revenue Authority (GRA) to work towards achieving a revenue target of over GH¢200 billion for the year.
-BY Issah Olegor
