Finance Minister Dr. Cassiel Ato Forson says the government will not seek additional funds in the Mid-Year Budget Review, as Ghana stays on course to meet its 2025 macroeconomic targets.
Delivering the review in Parliament on Thursday, July 24, Dr. Forson said economic developments in the first half of the year do not warrant a revision to the existing Appropriations Act or the key economic projections.
“Mr. Speaker, I am not asking for additional money from the Appropriations Act. We maintain the following macroeconomic targets for 2025,” he stated.
These targets include:
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An overall GDP growth of at least 4.0%
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A non-oil GDP growth of at least 4.8%
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End-year inflation rate of 11.9%
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A primary balance surplus of 1.5% of GDP on a commitment basis
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Gross International Reserves of not less than three months of import cover
Dr. Forson emphasised that the economy had shown encouraging signs of recovery, allowing government to stay the course without making drastic adjustments.
“Although we have made significant progress, we are cautiously optimistic,” he noted.
The Finance Minister also revealed that both revenue and expenditure projections are being revised to account for proceeds from the recently passed Energy Sector Levies Amendment Act, 2025 (Act 1141).
The mid-year update comes amid rising public expectations for clarity on fiscal stability, inflation control, and spending efficiency, as the Mahama-led administration moves to consolidate economic gains.
BY JONATHAN ADJEI
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