Government Targets GHS223.8 Billion in Revenue for 2025 – Finance Minister
The Minister for Finance, Dr. Cassel Ato Forson, has announced that the government aims to mobilize GHS223.8 billion in revenue for the 2025 fiscal year. This target is part of the government’s broader revenue mobilization strategy for the year.
Dr. Forson made the announcement during his presentation of the 2025 Budget in Parliament on Tuesday, March 11, 2025.
In his speech, the Finance Minister revealed that the total revenue and grants for 2025 are projected at GHS223.8 billion, which represents 17.2% of the country’s GDP.
This marks an increase from the GHS186.5 billion or 17.4% of GDP projected for 2024. The revenue target is primarily driven by non-oil revenue measures, which are expected to contribute at least 0.5% of GDP.
Total expenditure for 2025 has been programmed at GHS269.1 billion, accounting for 20.7% of GDP. This is a reduction from the GHS279.2 billion or 26.0% of GDP allocated for 2024.
Furthermore, primary expenditure—excluding interest payments—is projected at GHS204.7 billion, or 15.8% of GDP in 2025, a significant decrease from GHS232.4 billion (21.7% of GDP) in 2024.
Dr. Forson also highlighted that the total appropriation for the year ending December 31, 2025, is estimated to reach GHS290.97 billion.
The 2025 Budget reflects the government’s commitment to balancing revenue generation with prudent expenditure management.
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