10 Must-Know Takeaways from Ghana’s 2025 Budget

1. 24-Hour Economy is Coming
   The government is rolling out a 24-Hour Economy policy to boost productivity and job creation by allowing businesses to operate in shifts around the clock.

1. E-Levy and Betting Tax Scrapped
   The unpopular 1% E-Levy and the 10% tax on betting winnings have been abolished, along with VAT on motor vehicle insurance and the emission levy.
2. Ghana Gold Board to Be Established
   A Ghana Gold Board (GoldBod) will be created to regulate and manage gold reserves, helping to stabilize the cedi and boost foreign exchange reserves.
3. Government Size Reduced
   To cut costs, the number of government ministries has been reduced from 30 to 23, and the number of ministers from 88 to 60.
4. Big Push for Infrastructure
   A GH¢13.85 billion investment will go into roads, schools, hospitals, and other infrastructure under the Big Push Programme.
5. Free Tertiary Education for First-Year Students & PWDs
   All first-year students in public universities will enjoy a No-Academic-Fee policy, while Persons with Disabilities (PWDs) will receive free tertiary education.
6. Road Tolls Are Coming Back
   A technology-driven system will be introduced to reintroduce road tolls as a way to fund road maintenance and new infrastructure.
7. Cedi Stabilization Measures
   The government plans to build foreign exchange reserves through gold accumulation and cut wasteful public spending to ease inflationary pressures.
8. Social Protection Boost
   More funding has been allocated for school feeding, free sanitary pads for girls, and health insurance, with GH¢9.93 billion going to the NHIS.
9. Debt Challenges Still a Concern
   Ghana still faces high debt burdens, with GH¢150.3 billion in debt payments due over the next four years. The government aims to manage this through restructuring and fiscal discipline.

The 2025 Budget promises tough but necessary reforms to reset the economy and restore stability.

Last Updated on March 14, 2025 by samboadu