Dr. Cassiel Ato Forson, Ghana’s Finance Minister, presents the 2025 Budget emphasizing the need for bold decisions to achieve economic growth and financial freedom. This budget, marking the Mahama administration’s first economic policy, aims to address current challenges, update on inherited economic conditions, and discuss crucial social initiatives.
Dr. Cassiel Ato Forson, the Minister of Finance, emphasized the government’s commitment to revitalizing Ghana during the unveiling of the 2025 Budget on March 11, 2025. He remarked that significant moments arise in a nation’s history necessitating bold actions for economic progress and financial independence. His declaration underscored the urgency of Ghana’s situation, stating, “Ghana’s defining moment is now.”
The budget marks the inaugural economic policy presented by the John Dramani Mahama administration in Parliament, adhering to Article 179 of the 1992 Constitution and Section 21 of the Public Financial Management Act, 2016 (Act 921). Dr. Ato Forson aims to address the current economic challenges facing the country, revealing the real state of Ghana’s economy and outlining the administration’s policy objectives.
The finance minister is also anticipated to provide insights regarding the economic inheritance from the previous Nana Addo Dankwa Akufo-Addo government. Furthermore, he will discuss vital social intervention initiatives including the Free Senior High School (SHS) program, the No-Academic-Fee policy, and trainee allowances, among others.
This comprehensive approach in the 2025 Budget presentation reflects the government’s dedication to addressing pressing economic issues while enhancing social welfare across the nation.
In conclusion, the 2025 Budget presentation by Dr. Cassiel Ato Forson encapsulates a pivotal moment for Ghana as it seeks to navigate economic challenges and enhance social frameworks. The minister’s commitment to bold decision-making and transparent communication underlines the administration’s resolve to foster financial growth. The emphasis on inherited economic conditions and policy objectives signifies a thorough approach to tackle the issues at hand.
Original Source: www.ghanaweb.com
