Ghana’s 2025 budget announces measures to stabilise the economy

Construction Intelligence Center

Thu, May 8, 2025, 10:17 AM 5 min read

On 11 March 2025, Ghana’s curate for concern and economical readying presented Ghana’s 2025 Budget Statement and Economic Policy to the country's parliament, outlining plans to trim authorities expenditure, grow youth-focused programmes, and summation backing for societal services. A large facet of the 2025 fund is taxation reforms, including the abolition of definite taxes, astir notably the Electronic Transfer Levy, a levy connected physics transfers conducted via some mobile wealth and banking platforms of 1%, the Emission Levy connected industries and vehicles, VAT connected centrifugal conveyance security policices, and a 1.5% withholding taxation connected the winning of unprocessed golden by small-scale miners.

The 2025 fund estimates full expenditure astatine 270.9bn cedis ($16.2bn), reflecting a 3.2% alteration from the 2024 fund allocation of 279.2bn cedis. The simplification successful the fund was chiefly attributed to the government's efforts to code a important fiscal shortage and mounting nationalist debt, coupled with stabilising the economy. The fiscal shortage is projected astatine 43.8bn cedis - 3.1% of gross home product, a important betterment compared to the erstwhile year’s 56.9bn cedis. According to Ghana's Ministry of Finance, the full nationalist indebtedness successful the state stood astatine $49.4bn astatine the extremity of 2024, which comprised outer indebtedness of $28.3bn and home indebtedness of $21.1bn. In the 2025 budget, the authorities has allocated 76.2bn cedis for worker compensation, which includes wages, pensions, gratuities, and societal security. Interest payments amounted to 64.2bn cedis, with 56.2bn cedis directed towards home indebtedness and 7.9bn cedis for overseas debt. Grants to different authorities units were estimated astatine 54.5bn cedis portion different expenditures and remittances totalled 36.7bn cedis. Capital expenditures stood astatine 32.7bn cedis, and spending connected goods and services astatine 6.67bn cedis. This highlights a beardown accent connected indebtedness servicing, nationalist assemblage obligations, and infrastructure investment.

​In the 2025 budget, the authorities made strategical allocations crossed assorted ministries to thrust economical growth, heighten societal welfare, and amended infrastructure development. Some of the large ministries that person received important expenditure allocation include: the Ministry of Education - 28.4bn cedis; the Ministry of Health - 12.7bn cedis; the Ministry of Roads and Highways - 2.4bn cedis; the Ministry of Works, Housing and Water Resources - 727.1m cedis; the Ministry of Communication, Digital Technology and Innovations - 364.5m cedis; the Ministry of Energy and Green Transition - 354m cedis; the Ministry of Transport - 192.6m cedis; the Ministry of Tourism, Culture and Creative Arts - 166.9m cedis; and the Ministry of Sports and Recreation - 61.8m cedis.