In our 2023 Mid-Year Budget Digest that we published in August 2023, we observed “Ghana’s economy urgently needs a reset—perhaps more urgently than many might have thought.” We noted that “…the economy remains vulnerable and urgently needs the structural adjustment (i.e. reset) that we [PwC] have long spoken about.” We further pointed out that “…businesses and households should continue to tighten their belts before things get better.”
A panoramic view of the policies, goals and programmes of the 2025 Budget
It seems to us that Government has given expression to the economic reset agenda in the following six-point fiscal policy objectives they set forth in the 2025 Budget Statement and Economic Policy the Hon. Minister for Finance, Dr Cassiel Ato Baah Forson, presented to Parliament on 11 March 2025:
- Rationalise Government expenditure and eliminate wasteful expenditure
- Optimise domestic revenue by broadening the tax base, collecting more non-tax revenue, enhancing tax compliance, and modernising tax administration by leveraging digital technology
- Increase the share of domestic capital expenditure to spur economic growth and job creation
- Reduce public debt to sustainable levels and adopt prudent debt management practices to support debt sustainability
- Reduce the fiscal deficit progressively following an amended Fiscal Responsibility Act to promote fiscal and debt sustainability
- Restore confidence in Ghana’s economy
As we typically do following the presentation of the National Budget and its mid-year reviews, PwC has produced a rigorous review of the 2025 Budget and shared our perspectives in our 2025 Budget Digest Report.
Download the 2025 PwC Budget Statement At a Glance here and download our complete 2025 Budget Digest Report below.
PwC Ghana 2025 National Budget Digest
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