Finance Minister Presents Mahama’s ‘Asempa’ Budget Today

Finance Minister Dr. Cassiel Ato Forson is scheduled to present the 2025 Budget and Economic Policy, referred to as the ‘Asempa’ budget, to Parliament today, March 11, 2025.

This budget is anticipated to play a pivotal role in stabilizing Ghana’s economy, which has been facing significant challenges.

The term ‘Asempa’ translates to ‘Good News’ in Akan, reflecting the government’s optimism about the budget’s potential positive impact. In the lead-up to the presentation, stakeholders have expressed various expectations. Dr. Gideon Boako, Deputy Ranking Member on the Finance Committee of Parliament, emphasized the need for transparency, urging the government to present only verified and credible data to ensure public trust.

Additionally, the Ghana Association of Assembly Members (GAAM) hopes the budget will include provisions for the payment of their allowances, addressing longstanding concerns about their compensation.

The 2025 Budget is expected to outline strategies aimed at economic recovery, including measures to control inflation, stabilize the exchange rate, and create a more predictable economic environment. Dr. Forson has highlighted the importance of reducing domestic borrowing to free up resources for private sector growth, which is crucial for sustainable development.

As Ghanaians await the detailed proposals, there is a collective hope that the ‘Asempa’ budget will address pressing economic issues and set the nation on a path toward recovery and growth.