2025 Budget: A Commitment to Economic Relief
The Acting Managing Director of Precious Minerals Marketing Company, Sammy Gyamfi, has reaffirmed President John Dramani Mahama’s commitment to avoiding harsh taxation policies that could further burden Ghanaians.
Speaking ahead of the 2025 budget presentation by Finance Minister Cassiel Ato Forson, Mr. Gyamfi described the upcoming financial plan as a “budget of hope”, designed to ease economic hardships rather than create new burdens.
For insights into Ghana’s fiscal policies, visit the Ministry of Finance.
A Budget Focused on Job Creation
Mr. Gyamfi assured Ghanaians that the 2025 budget would prioritize job creation for all citizens, regardless of political affiliation, reflecting the NDC government’s commitment to resetting the economy and fostering inclusive growth.
His remarks come as stakeholders eagerly anticipate the budget presentation on Tuesday, March 11, where the NDC is expected to fulfill its campaign promises—including the removal of controversial taxes such as:
- Betting Tax
- Electronic Transfer Levy (E-Levy)
- COVID-19 Levy
Rejecting “Draconian” Tax Policies
Mr. Gyamfi emphasized that the 2025 budget would take a different approach from previous administrations, ensuring that fiscal policies support rather than hinder economic activity.
“…I can tell you that this budget will not introduce any draconian taxes like they did when they were in government. This budget is a budget of hope. It is a budget that will ease hardships and not impose hardship on them.”
“It is a budget that will be creating jobs, not collapsing them like they did. We do not have to speculate at all.”
For more on Ghana’s tax policies, visit the Ghana Revenue Authority.
What to Expect from the 2025 Budget
With Ghana’s economy facing inflationary pressures, youth unemployment, and public debt concerns, the 2025 budget is expected to provide concrete measures to address these issues.
Key expectations include:
- Reduction of tax burdens to encourage business growth.
- Investment in job creation initiatives to tackle unemployment.
- Strategies to stimulate economic recovery and long-term stability.
Stay updated on the latest developments in Ghana’s 2025 budget presentation and its impact on the economy.