Finance Minister Dr. Cassiel Ato Forson has announced that the total appropriation for the 2025 fiscal year amounts to GH¢290.9 billion.
Presenting the 2025 Budget to Parliament, Dr. Forson provided an overview of the government’s revenue and expenditure projections for the year.
Mr. Speaker, Total Revenue and Grants for 2025 is projected at GH¢223.8 billion or 17.2% of GDP, up from GH¢186.5 billion or 17.4% of GDP. The projection is underpinned by non-oil revenue measures which are expected to yield at least 0.5 percent of GDP,” Dr Forson stated.
He further explained that total expenditures for 2025 have been programmed at GH¢269.1 billion, representing 20.7% of GDP, down from GH¢279.2 billion or 26.0% of GDP in 2024.
Total Expenditures (Commitment) for 2025 has been programmed at GH¢269.1 billion (20.7% of GDP), down from GH¢279.2 billion (26.0% of GDP) in 2024,” he noted.
Primary expenditure on a commitment basis, which excludes interest payments, is projected at GH¢204.7 billion, representing 15.8% of GDP in 2025. This marks a significant decline from GH¢232.4 billion, or 21.7% of GDP, in 2024.
Primary Expenditure on a commitment basis (expenditures net of interest payments) is projected at GH¢204.7 billion, representing 15.8% of GDP in 2025, a significant decline from GH¢232.4 billion, representing 21.7% of GDP in 2024,” Dr. Forson explained.
Based on the resource allocations for the 2025 fiscal year, the total appropriation for the year ending December 31, 2025, is GH¢290,971,212,435.
Mr. Speaker, based on the resource allocations for the 2025 fiscal year, the total appropriation for the year ending 31st December 2025 is GH¢290,971,212,435,” he said.
