The Minister of Finance Dr. Cassiel Ato Forson is expected to present the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, 2025
This was disclosed by the Deputy Majority Leader, George Kweku Ricketts-Hagan when he delivered the Business Statement in Parliament on Friday, July 11.
“The mid-year again will happen on the 24th of July. I think the committee on the selection issue, Right Honourable Speaker, has been engaging with it. He is out of the jurisdiction, and so when he comes back, I am sure he will get it sorted out,” he said on the floor of the House.
This statutory exercise is in compliance with Section 28 of the Public Financial Management Act, 2016 (Act 921), which requires government to update Parliament on the implementation of the annual budget and the economic outlook at the halfway of the fiscal year.
The review will provide critical updates on the implementation of the 2025 Budget and highlight Ghana’s economic and fiscal performance during the first six months of the year.
The upcoming mid-year review is expected to provide a detailed assessment of government’s economic and fiscal performance for the first half of 2025, along with any necessary policy adjustments.Additionally, the budget presentation will include updates on debt servicing, spending, income mobilization, and the macroeconomic climate as a whole.
Meanwhile, The Bank of Ghana has confirmed that it has received $367 million from the IMF as part of the 5th disbursement under Ghana’s $3B economic recovery programme.
This disbursement was credited to the Bank of Ghana’s account on Tuesday, July 9, 2025. The disbursement follows the IMF Executive Board’s completion of Ghana’s fourth review under the Fund’s US$3 billion Extended Credit Facility (ECF) arrangement.
The new funds raise Ghana’s total disbursements under the programme to approximately US$2.3 billion.
This marks the fourth tranche of IMF support to Ghana since the country formally entered the programme on May 17, 2023, aimed at restoring macroeconomic stability, boosting investor confidence, and strengthening public finances.
