Ghana’s 2025 Budget has unveiled five key interventions aimed at transforming the country’s economy, boosting job creation, and stabilizing national finances.
These initiatives were announced by Finance Minister Dr. Cassiel Ato Forson on Tuesday, March 11, 2025.
1. 24-Hour Economy
The 24-Hour Economy policy seeks to stimulate sustained economic growth by enabling businesses and institutions to operate around the clock in three eight-hour shifts. This will increase production, promote productivity, and create well-paying jobs.
“We will be presenting the policy to Parliament in due course for consideration. Accordingly, the Labour Act, the GIPC Act, and other enabling legislations will be reviewed,” Dr. Forson noted.
2. $10 Billion “Big Push” Infrastructure Programme
To support the 24-Hour Economy and broader economic expansion, the government will roll out a $10 billion infrastructure development programme.
This initiative will focus on strategic investments in roads, transport, energy, and industrial infrastructure to drive sustainable economic growth and transformation.
3. Ghana Gold Board (GOLDBOD)
The government has announced the formation of the Ghana Gold Board (GOLDBOD), a new regulatory body aimed at enhancing Ghana’s foreign exchange reserves and overseeing the country’s gold resources. GOLDBOD will regulate, oversee, monitor, and undertake purchasing, assaying, refining, exporting, and selling of gold.
“Its primary objective will be to support foreign exchange inflows and gold reserve accumulation. The GOLDBOD shall regulate, oversee, monitor, and undertake purchasing, assaying, refining, exporting, and selling of gold,” Dr. Ato Forson emphasized.
4. Ghana Labour Export Programme
The Ghana Labour Export Programme aims to formalize labour migration and improve the welfare of Ghanaian workers abroad. This programme will ensure a structured and beneficial system for Ghanaian workers seeking employment abroad, reduce illegal migration, prevent worker exploitation, and maximize the economic benefits of remittances.
”This will ensure a structured and beneficial system for Ghanaian workers seeking employment abroad, reduce illegal migration, prevent worker exploitation, and maximize the economic benefits of remittances,” Dr. Forson explained, adding that it would also boost foreign exchange earnings for the country.
5. Women’s Development Bank
The government has allocated GH¢51.3 million as seed capital for the establishment of the Women’s Development Bank. This bank will provide targeted financial support for women entrepreneurs to promote inclusive economic growth.
Other significant allocations in the 2025 Budget include:
Ghana Road Fund: GH¢2.81 billion for road maintenance, marking a 155.5% increase from the previous year.
District Assemblies Common Fund (DACF): GH¢7.51 billion allocated, with 80% going directly to district assembly
Assembly Members’ Allowances: GH¢100 million set aside for monthly allowances for all assembly members.
Baina Multimedia/Khadijahtu Kubura Kailani
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