Former Minister of State at the Finance Ministry, Abena Osei Asare has criticised the 2025 Budget, stating that the government’s own budgetary allocations expose a disconnect between its rhetoric and reality.
Her comments follow the budget presentation by Finance Minister Dr Cassiel Ato Forson on Tuesday, March 11.
According to her, the budget fails to align with the government’s promises and could further destabilise the economy rather than put it on a recovery path.
Ms Osei Asare pointed out what she said are inconsistencies in the government’s financial planning, citing poor fund allocation and unrealistic revenue projections as major concerns.
“The government’s own budgetary allocations expose the disconnect between rhetoric and reality. The lack of consistency, misallocation of funds, and unrealistic revenue projections threaten Ghana’s economic recovery,” she stated.
She argued that while the government speaks of economic stability and growth, the figures in the budget do not support those claims.
She further warned that instead of steering Ghana towards financial stability, the budget risks deepening economic uncertainty.
“Instead of a true reset, this budget risks worsening economic instability,” she noted.
According to her, the government’s approach to fiscal planning lacks a credible framework for sustainable recovery, and without major adjustments, the country could face more economic difficulties.
Ms Osei Asare called on policymakers and stakeholders to critically examine the budget and demand greater transparency and accountability.
She urged the government to present realistic financial plans that reflect the true state of the economy rather than relying on optimistic projections.
“Ghanaians deserve a budget that is honest, practical, and capable of delivering real economic relief,” she concluded.
Latest Stories
-
Mahama must seek legislative backing for Code of Conduct
3 minutes -
John-Paul Adjadeh: The visionary behind Ghana’s Premier alumni games
39 minutes -
Israel launches major offensive to ‘seize and control’ areas of Gaza
39 minutes -
32 youth receive business starter packs from Ghana Grows
42 minutes -
NSA Boss visits reptile-breeding Azumah Nelson Youth Centre
45 minutes -
It is unfair to blame gov’t for power crisis – Prof Sharif Khalid
57 minutes -
Unpredictable cedi appreciation could hurt businesses – Kenneth Thompson warns
1 hour -
Cedi appreciation: We must build reserves that allow long-term predictability – Prof Bopkin
1 hour -
Nine reported killed in Russian strike on civilian bus in Ukraine
2 hours -
Inaction is the main cause of challenge in power sector – Ing. Amissah-Arthur
2 hours -
Ghana’s marine economy: A strategic choice between fishing and coastal tourism
2 hours -
Bad Power Purchase Agreements signed by previous NDC gov’t coming back to haunt them – Ahiagbah
2 hours -
Support private sector role in ECG power distribution – Prof Bopkin
2 hours -
Energy sector reforms crucial for economic stability – Prof Bokpin
3 hours -
Galamsey: 9 arrested, 4 excavators seized in raid at Akani
3 hours