The Minister for Finance, Dr Cassiel Ato Forson, is expected to present the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, 2025.
This statutory exercise is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921), which mandates government to update Parliament on the implementation of the annual budget and the economic outlook at the mid-point of the fiscal year.
The Deputy Majority Leader, Kweku Ricketts-Hagan, confirmed the date while delivering the Business Statement for the upcoming week. He noted that logistical arrangements were being finalised ahead of the presentation.
“The mid-year again will happen on the 24th of July. I think the committee on the selection issue, Right Honourable Speaker, has been engaging with it. He is out of the jurisdiction, and so when he comes back, I am sure he will get it sorted out,” Mr Ricketts-Hagan told the House.
The upcoming mid-year review is expected to provide a detailed assessment of government’s economic and fiscal performance for the first half of 2025, along with any necessary policy adjustments. It will also offer updates on revenue mobilisation, expenditure, debt servicing, and the overall macroeconomic environment.
Meanwhile, Ghana has received a fresh injection of US$367 million from the International Monetary Fund (IMF), credited to the Bank of Ghana’s account on Tuesday, July 9, 2025. The disbursement follows the IMF Executive Board’s completion of Ghana’s fourth review under the Fund’s US$3 billion Extended Credit Facility (ECF) arrangement.
The new funds raise Ghana’s total disbursements under the programme to approximately US$2.3 billion.
This marks the fourth tranche of IMF support to Ghana since the country formally entered the programme on May 17, 2023, aimed at restoring macroeconomic stability, boosting investor confidence, and strengthening public finances.
Government analysts and economists expect the mid-year review to reflect the impact of the IMF programme and outline how the latest disbursement will be applied to support economic reforms and fiscal consolidation.
Dr Ato Forson’s mid-year presentation is also expected to address key sectors such as energy, infrastructure, and social protection, while providing further clarity on Ghana’s debt restructuring efforts and steps towards economic recovery.