A survey conducted by PwC showed that 95 percent of Ghanaians agreed that Ghana's macroeconomic performance in the first half of of 2025 has met, or even exceeded its expectations.

Per the survey, 68% remain confident that the overall real Gross Domestic Product (GDP) growth target of 4% will be achieved or surpassed.

However, 45% of the respondents’ lament that the drop in inflation is not reflecting in their daily lives. Nonetheless, 62% of them are optimistic that the targeted end-period inflation will be achieved.

The Bank of Ghana has targeted a 12% end-of-period inflation while government has targeted about 11%.

On tax policy, 60% of respondents believe the tax policy environment in first-half 2025 has been supportive yet still needs improvement – but 25% say tax administration experience has been unsatisfactory.

Meanwhile, the Minister of Finance, Dr Cassiel Ato Forson during the 2025 Mid-Year Budget Review in parliament announced that the government has successfully restored economic clarity, certainty and stability in under 200 days since assuming office.

He also noted that the government’s swift and targeted interventions have begun yielding results, rekindling confidence in the economy.

He said Ghana’s economic turnaround is not merely theoretical but is already being experienced by citizens and investors alike.

Associate Professor of Finance at the University of Ghana Business School, Dr Elikplimi Komla Agbloyor, is urging government to focus on fiscal consolidation, revenue performance and borrowing transparency as it presents the mid-year budget review.

He added that it is crucial for the government to build on recent gains and avoid slipping back into unsustainable spending patterns.

Although some want the government to spend more, Dr Agbloyor cautions that will increase the deficit, and is going to cause problems for us.

He stressed the need for improved revenue performance, which would boost credibility and help foster market confidence.

SP/MA

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