In a decisive statement delivered during the 2025 Budget presentation, the Finance Minister outlined several critical initiatives aimed at revitalizing Ghana’s struggling economy. One of the key reforms he highlighted was the move to seek amendments to the Ghana Education Trust Fund (GETFund). The Minister emphasized the need for these changes to ensure better funding for education, which is seen as crucial for the country’s future growth and prosperity.
In addition, the Finance Minister revealed plans to submit a bill to Parliament that will provide the legal framework for the establishment of a Gold Board. This move is expected to better regulate the gold mining sector and create a more structured and transparent approach to managing one of Ghana’s most valuable resources.
Addressing economic challenges, the Minister also shared the government’s commitment to presenting a 24-hour economy policy in Parliament. This bold policy aims to increase economic activities throughout the day and night, thus fostering growth, particularly in trade and manufacturing sectors.
Reflecting on Ghana’s economic trajectory, the Finance Minister acknowledged the significant debt burden inherited from previous administrations. Despite this, he assured that the government, under the leadership of President Mahama, will work tirelessly to “fix and reset” Ghana’s economy. This includes complying with strict public procurement processes to ensure fiscal responsibility and transparency.
Source:Mybrytfmonline.com/Gumedzo Isaac Acheampong
