Professor John Gatsi writes ahead of 2025 Mid-Year Fiscal Policy Review to be presented to Parliament slated for 24th July, 2025
Hon. Dr. Ato Forson will present detailed economic recovery outcomes, creation of a favorable environment for businesses, which is good for the rollout of non-interest banking and finance in Ghana.
The plan targets key macroeconomic indicators, including a debt-to-GDP ratio below 50%, an inflation rate below 14%, and foreign reserves sufficient to cover over 5 months of imports.
Notably, significant progress has been made in paying off arrears, with GHS5 billion paid out of a budget of approximately GHS13 billion.
Furthermore, the cost of living has decreased, as seen in the reduction of the price of a bag of PoP from GHS110 to GHS90, and the decrease in the cost of filling a tank from GHS1200 to GHS800. These outcomes demonstrate tangible results, with improvements in both macroeconomic and microeconomic indicators.
Comparatively, this mid-year budget review is a six – month of refreshing outcomes. Project and expenditure finance prioritization will be anchored in prudence and positive fiscal results. Agriculture sector revitalization and energy retooling are expected
