Audio By Carbonatix
The Minister for Finance, Dr Cassiel Ato Forson, says Ghana’s economy is on a firm path to recovery, driven by improved fiscal discipline, stronger domestic revenue, and renewed investor confidence.
Delivering the 2025 Mid-Year Budget Review in Parliament on Thursday, 24 July, Dr Forson noted that in under 200 days, the government had restored “clarity, certainty, stability, and purpose” to the country’s economic policy direction.
“We have made significant progress. The signs of recovery are obvious, evident, noticeable, visible, tangible, and they are being felt,” he declared.
He announced a primary budget surplus of 11.1% of GDP on a commitment basis as of June 2025, well above the target of 0.4% for the same period.
The minister attributed this to robust domestic revenue mobilisation, prudent expenditure controls, and effective collaboration with development partners.
The address was delivered amidst political tension, as Minority MPs walked out in protest over alleged electoral irregularities.
Latest Stories
-
Ghana’s export earnings hit $11.1bn on surging gold prices
43 seconds -
Oil falls after Trump says US will end Iran war ‘very quickly’
9 minutes -
Digital misinformation revives debate over criminalising speech – Pumpuni Asante
18 minutes -
Free speech cannot ignore accountability or security in digital age – Kojo Pumpuni Asante
35 minutes -
Do not tarnish your legacy – Okuapehemaa cautions Sophia Akuffo amid enstoolment reports
47 minutes -
Rule of law must prevail – Kwakye Ofosu defends gov’t position on OSP case
57 minutes -
Woman, 24, allegedly attacked during robbery attempt at Akatsi
1 hour -
Dram–Deloitte trial raises cross-border, UK liability questions
1 hour -
OSP’s future may depend on Constitutional Review – Felix Kwakye Ofosu
2 hours -
Mahama fully backs the OSP – Gov’t rejects secret plot claims
2 hours -
Study urges balanced expectations for agricultural innovations being developed in Ghana
2 hours -
Putin says Russia-China ties at unprecedented level, invites Xi to Russia
2 hours -
Woman dies after falling into uncovered New York City manhole
2 hours -
Trump to attend G7 summit in France, Axios reports
3 hours -
UK should set maximum working temperature rules, advisers say
3 hours