The Minister for Finance, Dr Cassiel Ato Baah Forson, will present the Budget Statement and the Economic Policy of the government for the year ending December 31, 2025, to Parliament tomorrow, March 11.
The presentation is in accordance with Article 179 of the 1992 Constitution.
This was announced on Friday by Mr Kweku Ricketts-Hagan, the Deputy Majority Leader during the presentation of the of the Business Statement for the ninth week on the Floor of the House.
“Mr Speaker, the minister responsible for finance on the authority of the President of the republic would present to this house the budget statement and economic policy of the government of Ghana for the year ending December 31, 2025, in accordance with Article 179 of the 1992 constitution on Tuesday March 11, 2025,” he said.
He urged Members of Parliament (MPs) to take note and be present in the House on the said date.
Accordingly, Mr Ricketts-Hagan who is also the National Democratic Congress (NDC) MP for Cape Coast South, urged the ministry of finance and other ministries as well as bodies to submit their sectoral estimates to Parliament on time for the consideration and approval of the House.
“Mr Speaker, in view of the presentation of the budget, a post-budget workshop will be scheduled for the participation of all MPs.
“The venue and time will be communicated in due course,” the Deputy Majority told the House.
Budget details
The budget statement is expected to provide a full breakdown of the economy and the government’s policy proposals to reset and facilitate Ghana’s economic transformation agenda in line with President John Dramani Mahama’s vision.
Presidential spokesperson and Minister of state in charge of Government Communications, Mr Felix Kwakye Ofosu, disclosed this in a media briefing after the government’s first Cabinet meeting.
According to him, the policies to be announced in the budget will be informed by recommendations after the National Economic Dialogue, which took place on Tuesday, March 3 and Wednesday 4, 2025.
“The Presidential Advisor on the 24-hour Economy, Mr Gossie Tandoh, proceeded with preparations for the full rollout of President Mahama’s primary policy to transform Ghana.
“The Finance Minister, Dr Cassiel Ato Forson, also informed the Cabinet that the economic situation is dire. The figures are even worse than we had known before the elections,” he claimed.
According to Mr Kwakye Ofosu, the first Cabinet meeting was largely to set benchmarks for the Ministers, including briefings on security, the rollout plan for the 24-hour economy policy, the agriculture transformation agenda, and the state of the economy.
