Cabinet has approved the 2025 budget, which is scheduled for parliamentary presentation on March 11.
The government also confirmed plans for a second gas processing facility.
The Ghanaian government has accepted the fiscal policy blueprint for 2025, which will be officially presented to Parliament on March 11.
This decision, announced during a special Cabinet meeting on Thursday, underscores the administration’s commitment to economic stability and long-term growth.
Minister of Administration Communications Felix Kwakye Ofosu told Ghanaians that the administration is still dedicated to implementing its social and economic commitments in a press conference following the meeting.
He affirmed that the fiscal strategy will mirror the administration’s 120-day pledges, which include eliminating the betting tax and COVID levy.
In addition, the budget will detail the financial situation that the National Democratic Congress (NDC) government inherited, as well as offer hope and strategic goals for national growth.
In order to address Ghana’s long-standing energy difficulties, Energy Minister John Jinapor has stated that the government will build a second gas processing plant.
This decision is in accordance with the Cabinet’s instruction, which aims to close the nation’s fuel supply gap and ensure a steady electricity supply.
Jinapor emphasised that rising energy demand, combined with fuel limitations, has resulted in ongoing power instability throughout the years.
The new plant is designed to improve energy security, encourage industrialisation, and reduce reliance on costly fuel imports.
