The Minister of Finance, Dr. Cassiel Ato Forson, will give the 2025 Budget Statement and Economic Policy to Parliament today, marking the Mahama administration’s first significant economic blueprint since taking office.
The much-anticipated 2025 budget is scheduled to highlight important policy directions and economic initiatives aimed at stabilising the economy, promoting growth, and addressing the country’s budgetary issues.
A key budget component is the anticipated elimination of several contentious taxes, including the Electronic Transfer Levy (E-Levy), the COVID-19 Health Levy, and the Betting Tax.
The former government’s tariffs were severely criticized for adding to Ghanaians’ financial difficulties.
The Mahama administration has repeatedly committed to reducing the tax burden on individuals and businesses while pursuing measures to boost economic recovery.
The abolition of these levies is intended to benefit mobile money users, businesses, and those involved in online betting.
Beyond tax policy, the budget prioritizes job creation, infrastructural development, and social initiatives to improve Ghanaians’ livelihoods.
