Government has reaffirmed its commitment to incorporating the promises outlined in its 120-day Social Contract into the 2025 Budget.
The contract includes 26 key pledges, which cover a range of initiatives aimed at improving the economy and supporting citizens.
Some of the major commitments include scrapping the E-levy, the COVID levy, a 10% levy on bet winnings, and the emissions levy within the first 90 days in office.
The government also plans to review taxes and levies on vehicles and equipment imported for industrial and agricultural purposes.
In addition, a 24-Hour Economy Policy will be launched, along with the implementation of a ‘No-Academic-Fee’ policy for all first-year students in public tertiary institutions.
The establishment of a Women’s Development Bank, and key job creation programs will be introduced in the first budget.
The Minister of State for Government Communications, Felix Kwakye Ofosu, while addressing what can be expected in the upcoming budget, he stated: “The finance minister has indicated that they are on course to meeting those promises. When on Tuesday he unveiled the details of his budget, you will find that we have kept faith with the people of Ghana regarding the specific promises we made in the 120-day social contract.
“In terms of the currency, the finance minister will highlight measures both within the long term and medium term to address the financial weaknesses within our economy. One of which is rapid currency depreciation. In consultation with development partners within the economy, appropriate measures will be prescribed for addressing this perennial challenge of currency depreciation.”
