President Mahama chairs special cabinet session on 2025 budget

President John Dramani Mahama is set to chair a special Cabinet session today to deliberate on the 2025 Budget, the Minister for Government Communications, Felix Kwakye Ofosu, has announced.

In a statement shared on his social media pages, Mr Kwakye Ofosu disclosed that he will hold a press briefing after the session to update the Ghanaian public on key outcomes and major developments from the discussions.

Ahead of the meeting, Finance Minister Dr Cassiel Ato Forson assured Ghanaians that the upcoming budget is designed to shape a stronger future for all.

Engaging citizens in a post on his X (formerly Twitter) page, Dr Forson sought public input on key areas of concern, stating:

“With just five days to the Presentation of Budget 2025 on Tuesday, March 11th! The anticipation is building, and we want to hear from you! What are your expectations for this year’s budget? What areas should be a top priority? Drop your thoughts in the comments! This budget is about shaping a stronger future for all—let’s talk about what matters most to you!”

This budget, set to be presented in Parliament on Tuesday, 11 March 2025, will be the first under Dr Forson’s tenure as Finance Minister and is expected to provide a comprehensive breakdown of Ghana’s economic status and outline strategic policies to drive the country’s economic transformation agenda in line with President Mahama’s vision.

Felix Kwakye Ofosu, who first announced the budget presentation date during a media briefing after the government’s inaugural Cabinet meeting, indicated that the policies to be announced in the budget will be shaped by recommendations from the National Economic Dialogue, held on March 3-4, 2025.

“The Presidential Advisor on the 24-hour Economy, Mr Gossie Tandoh, proceeded with preparations for the full rollout of President Mahama’s primary policy to transform Ghana,” he stated.

Highlighting the gravity of the country’s economic challenges, Mr Ofosu Kwakye further revealed that during Cabinet discussions, the Finance Minister acknowledged that Ghana’s economic situation is worse than initially expected.

“The Finance Minister, Dr Cassiel Ato Forson, also informed the Cabinet that the economic situation is dire. The figures are even worse than we had known before the elections,” he stated.

As Ghanaians await the budget presentation on March 11, all eyes will be on how the Mahama administration plans to address the economic challenges, implement its flagship policies, and navigate the path toward economic stability and transformation.