The 2025 budget, presented by Finance Minister Dr. Cassiel Ato Forson, has sparked intense criticism from Minority Leader Alexander Afenyo-Markin.
In a scathing assessment, Afenyo-Markin described the budget as lacking vision and failing to provide a clear roadmap for Ghana’s economic recovery.
At the heart of Afenyo-Markin’s criticism is the budget’s inability to address the country’s core economic challenges.
“There is no inspiration from this budget. There is no hope in this budget,” he declared, emphasizing his deep disappointment with the government’s financial plan.
Afenyo-Markin argued that while the removal of some taxes, such as the betting tax and Electronic Transaction Levy (E-Levy), may offer temporary relief, the budget lacks long-term strategies to ensure sustainable economic growth, job creation, and debt reduction.
He accused Dr. Forson of failing to outline a concrete roadmap for stabilizing the economy and restoring investor confidence.
The Minority Leader’s criticism highlights the challenges facing Ghana’s economy and the need for a bold and visionary financial plan.
As Afenyo-Markin emphasized, “While the removal of some taxes may offer temporary relief, the budget lacks long-term strategies to ensure sustainable economic growth, job creation, and debt reduction.”