The Finance Minister of Ghana, Dr. Cassiel Ato Forson presented the 2025 Budget Statement to Parliament on March 11, 2025, outlining the government’s strategic plan to rejuvenate Ghana’s economy. Here are five key highlights from his presentation:
Removal of Certain Taxes
As part of efforts to reduce the financial burden on citizens and stimulate economic activity, the government has decided to eliminate four poorly designed taxes, including the Electronic Transfer Levy (E-Levy), the COVID-19 Health Levy, and the Betting Tax.
According to the minister, this move is expected to enhance consumer spending and improve the business environment.
Allocation for Disaster Relief and Infrastructure Rehabilitation
According to the minister, government has earmarked substantial funds to address recent natural disasters and their aftermath. Specifically, GH₵200 million has been allocated for tidal wave disaster relief, and GH₵242.5 million is designated for rehabilitation efforts following the Akosombo dam spillage. These allocations underscore the administration’s commitment to swift disaster response and infrastructure restoration.
Commitment to Education Funding (FSHS)
Recognizing the importance of education in national development, the budget allocates GH₵3.5 billion to the Free Senior High School (SHS) program. This investment aims to ensure continued access to secondary education for all eligible students, thereby fostering human capital development.
Provision of Free Sanitary Pads to Female Students
To reduce absenteeism among female students due to menstrual challenges and alleviate period poverty the government has allocated GH¢292.4 million for the distribution of free sanitary pads to female students from Primary 5 through Senior High School.
GH¢1.5 Billion Allocation for Agriculture under the Economic Transformation Agenda (AETA)
To boost agricultural productivity and food security, the government has committed GH¢1.5 billion to the Agriculture for Economic Transformation Agenda (AETA). This funding will support mechanization, irrigation, and value chain development, positioning agriculture as a driver of economic growth.