Cabinet approves 2025 budget

The Ghanaian government has approved the 2025 fiscal policy document ahead of its official presentation to Parliament on March 11.

This decision, made during a special Cabinet meeting on Thursday, reaffirms the administration’s commitment to economic stabilization and sustainable growth.

Speaking to the press after the meeting, Minister of Government Communications Felix Kwakye Ofosu assured Ghanaians that the government remains committed to fulfilling its social and economic promises. He confirmed that the fiscal policy will reflect the administration’s 120-day pledges, including the removal of the betting tax and COVID levy.

Additionally, the budget will outline the financial state inherited by the National Democratic Congress (NDC) government while offering hope and strategic policies for national development.

In a bid to address Ghana’s long-standing energy challenges, Energy Minister John Jinapor has announced that the government will construct a second gas processing plant. This decision follows Cabinet’s directive, aimed at bridging the nation’s fuel supply gap and ensuring a stable power supply.

Jinapor emphasized that the growing energy demand, coupled with fuel shortages, has led to persistent power instability over the years. The new facility is expected to enhance energy security, support industrialization, and reduce dependency on expensive fuel imports.

There’s no ‘dumsor’; calls for load shedding timetable not needed – John Jinapor

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