Call for Transparency in the 2025 Budget
The Member of Parliament for Tano North, Dr. Gideon Boako, has urged the Mahama administration to ensure transparency and accuracy in the 2025 budget presentation. He emphasized the importance of presenting verifiable data to maintain the credibility of Ghana’s economic outlook.
The Risk of Using Unverified Data
Speaking ahead of the budget presentation by Finance Minister Dr. Cassiel Ato Forson on Tuesday, March 11, 2025, Dr. Boako warned against the use of unverified economic data, stating that it could damage the country’s reputation and hinder investor confidence.
For insights into Ghana’s economic performance, visit the Bank of Ghana.
Avoiding Political Data Manipulation
Dr. Boako also cautioned against any attempt to manipulate economic data to discredit the previous administration, stressing that such actions could undermine the country’s credibility in the eyes of investors, development partners, and global financial institutions.
“We expect the government to be candid with Ghanaians. Present the economic situation as it is. The Finance Minister must stay true to the data and ensure that all figures presented are accurate and verifiable.”
“Sometimes, governments are tempted to twist figures to put previous administrations in a bad light, but in the end, such actions may harm the country’s international reputation.”
The Importance of Accurate Economic Reporting
Economists and financial analysts agree that reliable economic data is crucial for:
- Building investor confidence in Ghana’s markets.
- Ensuring effective policy decisions based on real economic conditions.
- Fostering transparency and accountability in government spending.
For more on global best practices in budget reporting, visit the International Monetary Fund (IMF).
What to Expect from the 2025 Budget
With Ghana facing fiscal challenges and economic recovery efforts, all eyes are on the 2025 budget presentation. Key stakeholders—including businesses, civil society groups, and international partners—are expecting a data-driven, transparent budget that will foster growth and stability.
Stay tuned for updates and expert analyses on Ghana’s 2025 budget and economic policies