Parliament Greenlights GHC68.1bn 2025 Mini-Budget to Kickstart Government Operations
udget Approval Paves the Way for Economic Stability and Government Continuity Ahead of Mahama Administration's Full Budget Presentation
- GHC68.13 billion approved for government operations in the first quarter of 2025
- Intense debate over spending priorities and revenue strategies
- Budget aims to ensure economic stability
Ghana’s Parliament has approved the 2025 Mini-Budget, totaling GHC68.13 billion, following extensive discussions with Finance Minister Dr. Mohammed Amin Adam.
The approved budget will fund government operations for the first quarter of the year, ahead of the full budget presentation by the incoming Mahama administration.
The approval came after the Finance Minister’s presentation on January 2, 2025, outlining Expenditure in Advance of Appropriation for the period from January to March. The proposal was then referred to the Joint Committee on Budget and Finance for review, in line with the 1992 Constitution and Parliament’s Standing Orders.
Key Budget Figures:
- Total Revenue and Grants: GHC42.54 billion (3.5% of GDP), including:
- GHC40.67 billion in Domestic Revenue
- GHC1.87 billion in Tax Revenue
- GHC68.65 million in Grants
- GHC1.04 billion from Social Security Contributions and other sources
- Expenditure Provisions: Focus on critical sectors like tax refunds (GHC2.37 billion), healthcare, education, and infrastructure.
The approval process saw intense debate, highlighting differing views on spending priorities, especially in sectors like healthcare, education, and infrastructure, alongside strategies for increasing revenue. Despite minority accusations of a delay, the majority defended the process, emphasizing the budget’s role in preventing a government shutdown.
This approval marks a significant moment as the Mahama administration prepares to take office, with the next phase now centered on effective budget implementation and meeting the nation’s economic objectives.
