Finance Minister Cassiel Ato Forson has confirmed the government will not seek additional funds in the 2025 Mid-Year Budget Review, signaling confidence in Ghana’s economic trajectory.
Presenting the review to Parliament, Forson stated: “I am not asking for additional money from the Appropriations Act,” while reaffirming all original 2025 macroeconomic targets.
Key reaffirmed targets include:
Minimum 4.0% GDP growth
Non-oil GDP growth of at least 4.8%
Year-end inflation at 11.9%
Primary surplus of 1.5% of GDP
Gross reserves covering ≥3 months of imports
According to the Minister, improved fiscal performance in the first half of 2025 justifies maintaining current expenditure ceilings. Economic developments reportedly align with projections, eliminating the need for budget revisions.
The government will instead reallocate funds from the Energy Sector Levies (Amendment) Act, 2025 (Act 1141) to support energy reforms without altering overall fiscal targets.
Forson acknowledged persistent global and domestic challenges but emphasized the Mahama administration’s commitment to “prudent fiscal management and long-term economic resilience.”
The decision reflects Ghana’s broader strategy to consolidate recovery gains while under its IMF program.
