Minority dismisses 2025 budget as lacking credibility

The Minority in Parliament has strongly criticised the 2025 Budget Statement presented by Finance Minister Dr Cassiel Ato Forson on Tuesday, March 11, describing it as lacking credibility.
According to the group, discrepancies between the Minister’s verbal presentation and the actual budget documents, including its appendices, cast doubt on the accuracy of the figures provided.
Speaking at a press conference on Thursday, March 13, Dr Mohammed Amin Adam, former Finance Minister and Ranking Member of Parliament’s Finance Committee, led the Minority’s attack on the budget’s credibility.
He argued that the figures cited by Dr Forson in Parliament did not align with those in the official documents, raising concerns about transparency and accountability in the government’s fiscal planning.
Supporting this claim, former Minister of State at the Finance Ministry, Abena Osei-Asare, criticised Dr Forson for allegedly presenting inconsistent data.
She maintained that the contradictions in the budget figures undermine public confidence in the government’s economic policies and cast doubt on the accuracy of Ghana’s financial projections.
The Minority Caucus has therefore called on the government to clarify these inconsistencies, insisting that the 2025 budget should reflect the true state of the economy.
They warned that failure to ensure transparency in financial reporting could have serious implications for investor confidence and Ghana’s economic recovery efforts.
"As I have always said, the real details of any budget are in the appendixes and as the Finance Minister said he is going to grow revenue by 17.2% of the tax to GDP ratio but when you come into the appendixes it is 16.1%. Clearly, there is a credibility issue with our budget."
Source: Classfmonline.com/Cecil Mensah
Trending News
Vice President pledges action on educational reforms
03:07'Chairman Dollar' emerges as frontrunner for NPP Madina parliamentary bid in 2028
09:57A/R: Welder arrested over fire outbreak at Kumasi Kejetia Market
11:56Prof Kwaku Azar decries partisanship as Ghana’s greatest threat to progress
11:21ECG: Outages due to heavy March 13 rainstorm
02:36Democracy Hub says, Ralphael Afful William's ‘recent activities, actions, public statements have diverged’ from FixTheCountry's tenets
10:26Defence Minister urges illegal miners to stop galamsey
11:43GRASAG EC denies declaring official election results amidst allegations of armed intimidation
10:42Galamsey fight: 56 persons arrested, 25 changfang machines set ablaze in W/R
02:07Dambai Zongo community rejects Gbande's Ramadan gift over alleged insults
10:06