The Minority Caucus in Parliament has dismissed the 2025 budget statement as deceptive and uninspiring, arguing that it fails to address Ghana’s pressing economic challenges.
Alexander Afenyo-Markin, the Minority Leader and Member of Parliament for Effutu, made these remarks in Parliament on Tuesday, March 11, following the budget presentation by Finance Minister Dr. Cassiel Ato Forson.
He criticized the absence of the much-publicized “24-hour economy” initiative promised by the National Democratic Congress (NDC), stating that its exclusion proves the government lacks a concrete plan to create jobs.
“Mr. Speaker, their much-talked-about 24-hour economy—when the President came here, they said it was ready. The Finance Minister comes here, and again, the 24-hour economic policy is missing from his budget,” Afenyo-Markin pointed out.
He further accused the NDC of misleading the youth with empty promises.
“The youth of this country have been waiting for this 24-hour economy policy. The Minister now tells us it will be brought later. It is clear that all the jobs they promised were merely an illusion,” he added.
According to him, the budget offers no real hope for Ghanaians, particularly regarding social intervention programs and economic relief.
“There is no inspiration from this budget. There is no hope in this budget,” he stressed.
The 2025 budget, presented by Dr. Ato Forson, outlined the government’s fiscal policies for the year. It included the removal of the controversial electronic transaction levy (e-levy), the 10% tax on bet winnings, and the emissions tax.