Ghana's government has announced substantial allocations in the 2025 budget to address pressing needs and stimulate economic growth.
Finance Minister Dr. Cassiel Ato Forson presenting the 2025 budget to parliament on Tuesday March 11, 2025, highlighting key areas that will benefit from these allocations.
The government has allocated a significant amount to support the small-scale mining sector. A Cedi equivalent of US$279 million will be provided as a revolving fund for the Ghana Gold Board (GOLDBOD) to purchase and export at least 3 tonnes of gold per week from small-scale miners. This move is expected to boost the country's gold exports and support the small-scale mining sector.
In addition, the government has allocated GH¢13.85 billion for the Big Push Programme, a major infrastructure initiative aimed at driving economic growth and development across the country. The programme will focus on key projects that enhance transportation, energy, and social infrastructure.
To support education, the government has allocated GH¢499.8 million for the No-Academic-Fee policy for all first-year students in public tertiary institutions under the 'No-Fees-Stress' initiative. This policy aims to alleviate the financial burden on students and their families, ensuring greater access to higher education.
Furthermore, the government has committed GH¢292.4 million to commence the distribution of free sanitary pads to female students in primary and secondary schools. This initiative is designed to promote menstrual hygiene and ensure that female students can attend school without interruptions.
In response to recent natural disasters, the government has allocated GH¢242.5 million to support victims of the Akosombo dam spillage. Additionally, an amount of GH¢200 million has been set aside to assist victims of the tidal wave disaster that recently displaced residents of Agavedzi and surrounding communities in the Ketu South constituency.
These significant allocations demonstrate the government's commitment to addressing pressing needs, promoting economic growth, and improving the lives of Ghanaians.
Comments