The Minister for Finance, Dr Cassiel Ato Forson, has stated that government’s proposed 24-hour economy policy will be formally presented to Parliament for approval.
Ghana’s economy recorded a slowdown in the fourth quarter of 2024, growing at 3.6% year-on-year, compared to the 7.2 percent expansion in the previous quarter, according to provisional data from the Ghana Statistical Service (GSS).
A pre-budget survey conducted by auditing and accounting firm KPMG has revealed that Ghana could lose approximately GH¢6.4 billion in revenue if the government abolishes the Covid-19 levy and the E-levy in the 2025 budget.
Dr Cassiel Ato Baah Forson, the Minister of Finance, will present the Business Statement and Economic Policy of the government for the year ending December 31, 2025, to Parliament on Tuesday, March 11.
Government has approved the immediate construction of a second gas processing plant as part of efforts to enhance energy security and mitigate supply shortfalls, Energy and Green Transition Minister John Jinapor announced on Friday.
Speaking at a post-Cabinet briefing at Jubilee House, Mr. Jinapor said the decision aligns with a broader strategy to stabilise the country’s energy sector over the short, medium, and long term.
“Cabinet has approved a raft of measures aimed at addressing the current situation comprehensively. In collaboration with the Finance Ministry, we will take immediate steps to construct a second gas processing plant to strengthen supply security and bridge shortfalls,” he said.
The minister sought to downplay growing public concern over intermittent power disruptions, dismissing calls for a formal load-shedding timetable.
“Let me be clear: we are not shedding load. The demand for a published load-shedding timetable is unfounded. If there is no load shedding, there is no need for a timetable,” he stated.
Mr. Jinapor further argued that Ghana continues to export approximately 300 megawatts of electricity to neighbouring countries, including Burkina Faso and Benin, contradicting claims of a severe power crisis.
The move to expand gas processing capacity reflects Ghana’s broader ambition to strengthen its domestic energy infrastructure and ensure long-term supply resilience amid fluctuating global energy markets.
Finance Minister Dr. Cassiel Ato Forson has engaged market women, head porters (kayayei), and other traders at Makola Market to discuss their concerns and expectations ahead of the 2025 Budget presentation scheduled for Tuesday, March 11, 2025.
Ghana is currently exporting 300 megawatts of electricity to her neighbouring countries, Mr John Abu Jinapor, the Minister for Energy and Green Transition, announced this on the floor of Parliament on Friday.
A report by the African Centre for Economic Transformation (ACET) has placed Ghana among the bottom 30 African nations in export competitiveness, highlighting a critical need for urgent policy reforms.
Minister for Energy and Green Transition, John Abdulai Jinapor, has outlined the government’s key five-point agenda for achieving a Renewable Energy Transition.
