Barring all odds, the Minister of Finance, Dr Cassiel Ato Forson, is expected to present the 2025 Mid-Year Budget Review on Thursday, July 24, 2025, in Parliament.

The review will cover the government’s economic and fiscal performance for the first half of 2025, including revenue, expenditure, debt management, and Ghana’s progress under the IMF programme.

Dr Cassiel Ato Forson is expected to outline any necessary adjustments to the budget based on first-half performance and provide updates on key government projects.

As the finance minister prepares to speak on July 24, 2025, here is what you need to know about the government’s projections:

Economic performance assessment

The presentation is anticipated to shed light on Ghana’s macroeconomic performance, addressing issues such as inflation trends, exchange rate stability, and progress on structural reforms.

Revenue and expenditure targets

The government is expected to update the public on revenue performance during the first six months of 2025, and whether targets are on track to be met by the end of the year.

According to economic data from the Bank of Ghana, real GDP expanded by 5.3% in the first quarter, driven by strong growth in agriculture and services, while non-oil GDP rose by 6.8%.

This data will inform the government’s decision-making as it seeks to sustain the current growth trajectory.

Debt management and restructuring efforts

Ghana has been actively engaged in restructuring its external debt, including the completion of a domestic debt exchange programme in January 2025 and ongoing negotiations with external creditors.

The review will likely provide updates on both domestic and external debt levels and outline the government’s strategy for managing them.

IMF Extended Credit Facility Programme

The government is expected to highlight progress under the IMF programme and reaffirm its commitment to meeting the fund’s conditions and performance benchmarks.

Arrears and payments to contractors

The presentation will also focus on the government’s position on clearing arrears, especially payments owed to contractors, heading into the 2025/2026 fiscal year.

SP/MA

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