Ghana’s 2025 Budget: What The Experts In Business, Entertainment, And Sports Say

• Ghana's budget was read in Parliament by Finance Minister Dr Cassiel Ato Forson on March 11, 2025
• The budget, touted as a means of resetting the economy, was met with much enthusiasm and great joy by the general public
• Many experts have shared their respective opinions on how the budget affects the business, entertainment and sports industries

Ghana's 2025 budget was read amidst so much joy and frenzy as Finance Minister, Dr Cassiel Ato Forson delivered the first of many such readings by the new Mahama-led government.

The "Resetting the Economy for the Ghana We Want" budget aims to stimulate economic growth through tax cuts, increased social spending, and infrastructure development. Key policies include the abolition of the E-Levy and COVID-19 Levy, a 33% rise in School Feeding Programme funding, and GH¢2.81 billion for road maintenance. While the government anticipates a 4% GDP growth and an 11.9% inflation rate, experts have mixed reactions regarding its feasibility and impact across industries.

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YEN.com.gh monitored experts in Sports, Business, and Entertainment to determine the 2025 budget's strengths and weaknesses.

Strengths of the 2025 budget

Monitoring the three industries, Senyo Hosi (Financial Expert and former CEO of the Ghana Chamber of Bulk Oil Distributors) shared the strengths of the business perspective on the 2025 budget.

According to him, the abolition of the E-Levy was good for business as it was going to improve digital financial inclusion.

“The removal of the E-Levy is a win for digital financial inclusion. Small businesses that hesitated to use mobile money due to the tax burden can now operate more efficiently. The VAT reforms are also a positive step toward simplifying compliance, which could encourage business growth.”

Francis Doku (Media & Entertainment Consultant) also shared that the budget has an indirect benefit for the creative arts industry even though it failed to capture direct investments.

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“The budget’s focus on infrastructure indirectly benefits the creative industry, as improved roads and transport networks enhance access to event venues and entertainment hubs. However, the lack of direct investment in the arts remains a missed opportunity.”

Michael Oti Adjei (Sports Journalist & Analyst) added his opinion on how he believes the 2025 budget can help shape a wonderful future in sports for Ghana.

“The government’s promise to invest in sports infrastructure and grassroots development is commendable. If well executed, this could boost local talent development and Ghana’s international sports performance.” -

Shortcomings of the 2025 budget

However, many other experts have shared their respective opinions on what they believe is the shortcoming of the budget concerning their various industries.

Dr Theo Acheampong (Economist & Policy Analyst) had some reservations about the budget. According to him, there was a lack of clear-cut strategies to tackle the debt crisis faced in the country.

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“The budget lacks clear strategies for tackling the debt crisis beyond restructuring. While tax reductions are welcome, we need stronger measures to boost domestic production and foreign investment.”

George Quaye (CEO, of Image Bureau) also shared how the budget's neglect of the creative arts industry leaves a bad taste and speaks about some of the struggles.

“The entertainment sector remains neglected. There is no clear policy for financing local film, music, and theatre productions. We need structured funding mechanisms similar to what exists in Nigeria and South Africa.”

Legal Practitioner and Sports Analyst Moses Foh Amoaning expressed his disappointment with the budget in tackling the ailing sports infrastructure in the country

“Sports development requires more than infrastructure. There is no mention of policies to support athlete welfare, sponsorship, or leagues' financial sustainability. We need a holistic sports funding plan.”

Conclusion

While Ghana’s 2025 budget presents bold steps toward economic recovery, industry experts agree that targeted business, entertainment, and sports investments are necessary for inclusive growth. With strategic adjustments, Ghana can achieve a more balanced economic transformation that benefits all sectors.

Source: YEN.com.gh