Economy Shows Strong Signs of Recovery - Finance Minister 

The Minister for Finance, Dr. Cassiel Ato Forson, is set to present the much-anticipated 2025 Mid-Year Budget Review to Parliament today.

Addressing the House ahead of the presentation, Dr. Forson highlighted that the first half of 2025 reflects significant progress in Ghana’s economic recovery, crediting prudent fiscal management, sound monetary policies, effective structural reforms, and strategic investments. According to him, these measures have laid a solid foundation for sustainable growth and shared prosperity.

“We have set a real GDP growth target of 4%, with non-oil real GDP expected to grow at 4.8%,” Dr. Forson noted. “The current disinflation trend has led many analysts to predict that Ghana may achieve single-digit inflation before the end of the year—surpassing the official target of 11.9%.” He also revealed that the primary balance on a commitment basis stands at a surplus of 1.5% of GDP.

Although the government had initially projected 2025 GDP growth at 4.4%, recent figures from the Ghana Statistical Service show stronger-than-expected growth of 5.3% in the first quarter alone, potentially prompting an upward revision in the fiscal outlook.

Dr. Forson emphasized the strong performance of the agricultural sector, which contributed 26.4% to overall GDP growth. Within that sector, the fishing sub-sector recorded the highest growth, expanding by 16.4%.

The Finance Minister is expected to outline new measures to sustain this momentum, while addressing key areas such as inflation, debt sustainability, and job creation.

Report by PKB