Finance Minister, Dr. Cassiel Ato Forson, is scheduled to present the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, according to an
Finance Minister, Dr. Cassiel Ato Forson, is scheduled to present the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, according to an official announcement made by the Deputy Majority Leader, Kweku Ricketts-Hagan.
Ricketts-Hagan confirmed the date during the presentation of the Business Statement for the ensuing week on the floor of Parliament on Friday, July 11, 2025.
The mid-year review is a constitutional requirement and a key instrument of accountability and fiscal policy adjustment, allowing the government to realign its financial projections based on actual performance for the first half of the year.
The 2025 Mid-Year Budget Review comes at a time when Ghana’s economy is undergoing major fiscal restructuring under a new IMF-supported economic reform programme initiated by the Mahama-led administration.
It also marks the first mid-year review since the return of the National Democratic Congress (NDC) to power following the 2024 general elections.
In the 2025 Budget statement, Dr. Ato Forson outlined an ambitious economic recovery agenda anchored on the “Big Push” infrastructure programme, social protection expansion, and public sector rationalisation.
The mid-year review will now offer a progress update on key policy initiatives, fiscal discipline, revenue mobilisation, and expenditure controls within the first six months of implementation.
Economic analysts expect the presentation to provide insight into how the government has managed inflationary pressures, debt restructuring, revenue flows, and the rollout of petroleum revenue investments, especially under the recently announced $10 billion infrastructure programme.
What to Expect
Among the expected highlights of the mid-year budget review are:
Updated macroeconomic indicators (GDP growth, inflation, fiscal deficit)
Performance of revenue streams, including the controversial axing of the E-Levy and petroleum taxes
Expenditure realignments in light of external shocks and debt servicing
Potential policy tweaks to address shortfalls or emerging challenges
Updates on Ghana’s gold-for-reserves policy and GoldBod operations
Parliamentarians across both sides of the aisle are expected to scrutinise the review document thoroughly, especially as the country remains under strict IMF conditionalities that require transparency and tight fiscal discipline.
Political Implications
Ato Forson’s presentation will be closely watched, not only for its economic content but also for the political signals it sends regarding the government’s ability to deliver on its promises.
With just less than a year since assuming office, the Mahama administration is under pressure to show tangible progress on job creation, infrastructure expansion, and economic stability.
The mid-year budget also provides an opportunity for the Finance Minister to correct course where necessary and outline supplementary appropriations if emerging priorities demand it.
Meanwhile, civil society groups, business associations, and international observers are all expected to weigh in following the presentation, as they assess the direction of the economy and the credibility of the government’s fiscal management.
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