Dr Cassiel Ato Forson, Minister of Finance
Minister for Finance, Dr Cassiel Ato Forson, on Thursday, July 24, 2025, presented the highly anticipated 2025 Mid-Year Budget Review to Parliament.
In his presentation before lawmakers, Dr Forson reported that the John Mahama-led administration had recorded a primary fiscal surplus and kept budget deficits well below target in the first half of the year, representing clear indications of ongoing economic stabilisation.
According to the minister, Ghana achieved a primary surplus of 1.1 percent of GDP on a commitment basis, significantly outperforming the 0.4 percent target set at the beginning of the year.
Dr Forson also revealed that the Ghana cedi had become the best-performing currency globally in the first half of 2025, reversing years of depreciation.
He noted that the cedi appreciated by over 50 percent against the US dollar, marking a major turnaround from the consistent losses recorded between 2022 and 2024.
The Mid-Year Budget Review offers updates on the implementation of the national budget and outlines the government’s fiscal strategy for the remainder of the year. It is presented in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921).
Below is the full statement as presented to Parliament by the Minister for Finance:
MA
