Africa-Press – Ghana. Mr. Anthony Dagadu, an Economic Expert in the Volta Region, has commended the government for what he described as a positive and impactful 2025 Mid-Year Budget Review, highlighting its potential to drive economic growth and development.
He said the review was an important step in assessing the government’s fiscal performance and making necessary adjustments to strengthen the economy.
In an interview with the Ghana News Agency, Mr. Dagadu stated that public sentiment was largely optimistic, with expectations that the review had addressed key economic challenges and provided a clear direction for the second half of the year.
“The review clearly outlined strategies to stimulate economic activity and improve public services. It was communicated in a way that was understandable to ordinary citizens,” he said.
He emphasised that the mid-year review served as a timely opportunity for government to evaluate its fiscal policies and realign its strategies to meet intended development goals.
Mr. Dagadu praised the government for stabilising the economy, highlighting the remarkable performance of the Ghana cedi, which for the first time in 50 years has been recognised as the best-performing currency globally in the first half of the year.
He expressed hope that the government would continue implementing forward-looking policies to promote economic stability, create jobs, improve infrastructure, and enhance the standard of living.
Mr. Dagadu applauded several key initiatives in the budget review, including:
The abolition of the COVID-19 levy, Reduction in the effective VAT rate, Removal of cascading effects from the National Health Insurance Scheme (NHIS) and GETFund , Replacement of the VAT flat rate with a unified VAT system, and Exemption of small and micro businesses from the VAT threshold.
He also commended the restored collaboration between the Bank of Ghana and the Ministry of Finance, describing it as a driver of cohesive policy development and implementation. This cooperation, he said, helped reduce the inflation rate to 13.7% by the end of June 2025 and expanded the economy by 5.3% in the first quarter of the year.
“Ghana’s fiscal position has significantly improved. The primary balance on a commitment basis recorded a surplus of about 1.1% of GDP at the end of June, surpassing the government’s target of a 0.4% surplus,” Mr. Dagadu added.
He also acknowledged the efforts of the previous administration in reducing consumer price inflation from 23.8% in December 2024 to 13.7% in June 2025, representing a 10.1 percentage point decline.
Mr. Dagadu stressed that mid-year budget reviews are critical tools that enable governments to adjust courses and sharpen their economic policies based on evolving conditions.
Despite the positive assessment, he acknowledged lingering challenges and urged the government to address them through effective policy implementation and prudent fiscal management.
He added that the 2025 Mid-Year Budget Review is expected to significantly impact economic stakeholders—including businesses, investors, and citizens—and shape expectations for the remainder of the year.
Mr Dagadu also appealed to all Ghanaians, regardless of political affiliation, to rally behind the government in its efforts to sustain and further improve the economy.
However, some residents noted that the prices of commodities remained high and called on the government to intervene and address the hardship.
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