The government has outlined significant financial allocations in the 2025 Budget to support economic growth, infrastructure development, and disaster relief efforts.
Presenting the budget statement in Parliament, Finance Minister Dr. Cassiel Ato Forson detailed key funding commitments across various sectors.
“Mr. Speaker, we will provide a Cedi equivalent of US$279 million as a revolving fund for the Ghana Gold Board (GoldBod) to be able to purchase and export at least 3 tonnes of gold per week from small-scale miners,” Dr. Forson announced.
The initiative is expected to strengthen Ghana’s small-scale mining sector and boost gold exports.
The government has also earmarked GH¢13.85 billion for the Big Push Programme, a large-scale infrastructure initiative aimed at enhancing transportation, energy, and social infrastructure to drive economic growth.
In the education sector, GH¢499.8 million has been allocated to fund the No-Academic-Fee policy for first-year students in public tertiary institutions under the ‘No-Fees-Stress’ initiative. This policy is intended to ease financial pressures on students and their families while promoting access to higher education.
Additionally, GH¢292.4 million has been set aside for the free sanitary pad initiative, which aims to improve menstrual hygiene and reduce school absenteeism among female students.
In response to recent natural disasters, the government has allocated GH¢242.5 million to support victims of the Akosombo dam spillage, while GH¢200 million has been dedicated to assisting those affected by tidal waves in Agavedzi and surrounding communities in the Ketu South constituency.
These allocations reflect the government’s commitment to social welfare, infrastructure expansion, and economic revitalization as it rolls out the 2025 Budget.
