Today, the Finance Minister will present Mahama’s 2025 budget.

The 2025 Budget Statement and Economic Policy, the first thorough financial plan of the Mahama administration since taking office, will be presented to Parliament today by Finance Minister Dr. Cassiel Ato Forson.
Bold policy initiatives to stabilise the economy, promote growth, and solve the country’s fiscal issues are anticipated to be outlined in the eagerly awaited budget.
All eyes are on Dr. Forson to reveal plans that will help households and companies while putting the nation on a path to recovery, as the nation continues to struggle with high debt levels, inflation, and unemployment.
The expected elimination of a number of contentious levies, such as the COVID-19 Health Levy, the Electronic Transfer Levy (E-Levy), and the Betting Tax, is a major focus of the budget.

The former administration imposed these fees, which drew harsh criticism for making life more expensive for the populace.
The Mahama-led administration, which ran on a platform of lowering taxes, views this action as essential to reducing economic burdens and promoting company expansion.

It is anticipated that the removal of these levies will increase economic activity generally and benefit mobile money users, companies, and online gamblers.

To make up for the loss of these levies, the government will have to list alternate sources of funding.
The budget is anticipated to prioritise social interventions, infrastructure development, and job creation in addition to tax policy in order to raise Ghanaians’ standard of living.

The budget will be a crucial test of the administration’s capacity to strike a balance between pro-growth initiatives and fiscal restraint in light of the nation’s economic difficulties.

Ghanaians will be closely observing Dr. Forson’s speech in Parliament today for specific policies that would determine the nation’s economic course under the new administration.