The Finance Minister, Dr. Cassiel Ato Forson, presented the 2025 Budget, emphasizing the need for bold decisions to achieve economic growth and financial independence. He outlined the objectives of the Mahama administration and the state of the economy inherited from the previous government. Key social intervention policies were also highlighted, reflecting the government’s commitment to improvement.
Dr. Cassiel Ato Forson, the Minister of Finance, has expressed the government’s commitment to recalibrating the nation’s economic landscape. He emphasized that pivotal moments in history necessitate making decisive choices to foster economic development and ultimately guide the country towards fiscal independence.
While presenting the inaugural Budget and Economic Policy of the John Dramani Mahama administration on March 11, 2025, Dr. Forson declared, “Ghana’s defining moment is now.” This presentation aligns with the stipulations of Article 179 of the 1992 Constitution and Section 21 of the Public Financial Management Act, 2016 (Act 921).
The Finance Minister is anticipated to address the current status of Ghana’s economy, highlighting the Mahama administration’s objectives to remediate ongoing economic trials. Additionally, he will provide insights into the economic conditions inherited from the previous Nana Addo Dankwa Akufo-Addo administration.
Furthermore, Dr. Forson will discuss several social intervention initiatives, including the Free Senior High School (SHS) program, the No-Academic-Fee policy, and trainee allowances, among others.
In conclusion, Dr. Cassiel Ato Forson’s presentation of the 2025 Budget underscores a critical period for Ghana as bold actions are deemed necessary for economic revitalization. The focus on social programs and transparency regarding inherited economic conditions reflects the administration’s commitment to addressing current challenges. The importance of this budget is encapsulated in the phrase, “Ghana’s defining moment is now,” indicating a pivotal opportunity for transformation.
Original Source: www.ghanaweb.com
