Ghana’s economic direction for the second half of 2025 will take center stage on Thursday, July 24, 2025, when Minister of Finance, Dr. Cassiel Ato Forson, appears before Parliament to present the much-anticipated 2025 Mid-Year Budget Review.
The announcement was made by Deputy Majority Leader, George Kweku Ricketts-Hagan, during the presentation of the Business Statement in Parliament on Friday, July 11, 2025.
“The mid-year budget will happen on the 24th of July. I believe the committee on the selection issue, Right Honourable Speaker, has been engaging with it. He is currently out of the jurisdiction, and once he returns, I’m confident the matter will be resolved,” Ricketts-Hagan said on the floor of the House.
Legal Obligation Under Public Financial Management Act
The mid-year review is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921), which mandates the Finance Minister to update the nation on economic performance for the first half of the year. It is also an opportunity for government to revise its projections, reallocate budgetary resources, and respond to emerging economic challenges or global trends.
What to Expect in the Budget Review
Key areas expected to be addressed in the presentation include:
Debt Servicing and Management Public Spending and Expenditure Controls Revenue Mobilization Efforts Macroeconomic Indicators such as inflation, growth targets, and exchange rate stability Progress on IMF-Supported Recovery Programme
IMF Disbursement Brings Temporary Relief
In related news, the Bank of Ghana has confirmed receiving US$367 million from the International Monetary Fund (IMF). This is the fifth disbursement under Ghana’s US$3 billion Extended Credit Facility (ECF) programme aimed at restoring macroeconomic stability and rebuilding fiscal resilience.
This inflow is expected to provide short-term support for Ghana’s balance of payments and shore up the local currency, amidst ongoing efforts to reduce inflation and boost investor confidence.
Looking Ahead
The mid-year budget review comes at a critical juncture, as Ghanaians and international partners alike look to the government for signs of sustained economic recovery, fiscal discipline, and concrete policy direction for the remainder of 2025.
As the countdown to July 24 continues, all eyes will be on Parliament — and on the Finance Minister — to lay out the government’s strategy for navigating a still-fragile economic landscape.
