The 2025 budget presented by Finance Minister Dr. Cassiel Ato Forson prioritizes infrastructure development as a key driver of economic growth and improved living standards for Ghanaians. A significant allocation of GH¢13.85 billion has been earmarked for infrastructure projects, focusing on critical sectors such as roads, hospitals, schools, and housing. This substantial investment underscores the government’s commitment to revitalizing stalled projects, ensuring efficient utilization of taxpayer funds, and delivering tangible benefits to the citizenry. The budget emphasizes a strategic approach to infrastructure development, targeting projects that will have the most significant impact on economic activity and social well-being.
The road sector receives a substantial portion of the infrastructure budget, reflecting its crucial role in facilitating trade and connectivity. The government plans to prioritize urban road expansion and major highways, aiming to alleviate traffic congestion and improve transportation efficiency. Key projects like the Accra-Kumasi Highway expansion and critical interchanges in Accra and Kumasi will be expedited to enhance intercity travel and boost economic activity. This focus on road infrastructure signifies the government’s recognition of its crucial role in supporting economic growth and improving the lives of Ghanaians by reducing travel times and transportation costs.
The health sector also receives significant attention in the budget, with plans to resume construction of stalled hospital projects. The La General Hospital and the Shama District Hospital, previously hampered by funding shortages, are prioritized for completion. This reinvestment in healthcare infrastructure underscores the government’s commitment to improving access to quality healthcare services and strengthening the country’s healthcare system. The resumption of these projects will not only provide much-needed medical facilities but also create employment opportunities and stimulate local economies.
Recognizing the importance of education for national development, the budget allocates funds for the construction of new senior high school buildings and the expansion of existing facilities. This investment aims to accommodate the growing student population and ensure that all Ghanaian children have access to quality education. Expanding educational infrastructure is seen as a crucial step in developing human capital and equipping future generations with the skills and knowledge needed to contribute to the nation’s progress. The government’s commitment to education reflects its belief in the transformative power of education to uplift individuals and communities.
Underlying the government’s infrastructure development agenda is a commitment to fiscal responsibility and transparency. Dr. Forson emphasized that project costs will be closely monitored to prevent inflated contracts and financial mismanagement. This commitment to accountability aims to ensure that public funds are utilized efficiently and effectively, delivering maximum value for money. The government’s focus on transparency and accountability reflects its dedication to responsible governance and building public trust.
Beyond infrastructure development, the 2025 budget introduces significant tax reforms aimed at stimulating economic activity and easing the burden on taxpayers. The abolishment of the Electronic Transaction Levy (E-levy) and the 10% tax on lottery winnings, along with other levies like the Emissions tax and the COVID-19 levy, signals the government’s commitment to creating a more favorable tax environment. These tax cuts are expected to boost consumer spending, encourage investment, and promote economic growth. The government believes that these reforms will create a more equitable and efficient tax system, benefiting both individuals and businesses.
