Economy on path to recovery – Finance Minister touts progress in mid-year budget

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.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Tags:

2025 Mid-Year Budget Review

Ghana