Government is set to unveil bold new measures aimed at strengthening domestic revenue mobilisation as it presents the 2025 Mid-Year Budget Review to Parliament today, Thursday, July 24.
Finance Minister Dr. Cassiel Ato Baah Forson will lead the presentation, which is expected to focus heavily on Ghana’s fiscal performance during the first half of the year.
The review will also outline strategies to sustain the country’s ongoing economic recovery under the International Monetary Fund (IMF)-backed programme.
Key areas of emphasis will include revenue generation, spending efficiency, and potential adjustments to existing tax policies.
The presentation is expected to provide a critical assessment of overall economic management—highlighting progress on revenue targets, public expenditure, debt servicing, and policy implementation.
Revenue mobilisation remains a top priority for the government, particularly as it prepares to roll out major infrastructure projects, with road construction and rehabilitation topping the agenda.
Meeting revenue targets is considered crucial to financing these efforts without undermining fiscal discipline.
Among the anticipated updates, Dr. Forson is expected to address the impact of recent tax reforms, including:
* The implementation of the ₵1 fuel levy
* The removal of the Electronic Transfer Levy (E-Levy)
* Ongoing efforts to simplify the VAT system, including a possible elimination of the COVID-19 levy
Ghana has already met several structural benchmarks under the IMF programme, and the government remains committed to sustaining momentum and preventing any reversal of progress.
For 2025, the domestic revenue mobilisation target has been set at over ₵200 billion.
The Finance Minister is also expected to provide updates on flagship initiatives such as the **24-hour economy policy** and the **Big Push infrastructure agenda**, outlining funding strategies for the second half of the year.
Source: Ghana/Starrfm.com.gh
