Ghana’s 2025 Mid-Year Budget Review, presented by Finance Minister Dr. Cassiel Ato Forson, highlights significant economic improvements, including a narrowed fiscal deficit target, a 5.3% GDP growth rate, and a $9.4 billion reduction in public debt. The government plans to sustain these gains through continued fiscal discipline, infrastructure investment, and reforms such as scrapping the VAT Flat Rate Scheme and abolishing the COVID-19 levy by October 2025. No new taxes are expected, but a 30–40% hike in government fees is anticipated. The review was marked by political tension, with the Minority in Parliament staging a walkout in protest. Despite progress, officials caution that Ghana is not fully out of economic difficulties, but optimism remains high for continued recovery.
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