The 2025 Mini-Budget, which totals GHC68.13 billion, has been adopted by Ghana’s Parliament following extensive discussion at the Finance Committee level with Finance Minister Dr. Mohammed Amin Adam.
Until the incoming Mahama administration presents a real budget, the budget will support government operations for the first quarter of the year.
The clearance comes after the Finance Minister presented the January–March 2025 Expenditure in Advance of Appropriation on January 2, 2025.
In accordance with Article 180 of the 1992 Constitution and the Standing Orders of Parliament, the proposal was then forwarded to the Joint Committee on Budget and Finance for evaluation and recommendation.
- Total Revenue and Grants: Projected at 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 revenue sources.
- Expenditure Provisions: Allocations focus on critical government functions, including tax refunds (GHC2.37 billion), healthcare, education, and infrastructure development.
The contentious approval procedure highlights the divergent opinions of the dominant and minority parties. Priorities for infrastructure, healthcare, and education spending as well as methods for raising money were major areas of disagreement.
The Mini-Budget seeks to support economic stability while addressing Ghana’s urgent fiscal requirements. In addition, it shows Parliament’s resolve to prevent a government shutdown in the face of presenting delays.
The majority rejected the minority’s earlier charges that the Finance Minister purposefully delayed the presentation, highlighting the budget’s vital role in sustaining government operations.
As the Mahama government is ready to assume office, the approval of this budget marks a significant turning point. Now, all eyes will be on the administration to make sure the budget is implemented effectively and that its policy goals for the country are met.
