Ghana Spends GHS114 Billion in Six Months – Ato Forson Defends Government’s Fiscal Policy

Finance Minister Ato Forson details GHS114 billion in government expenditure in the 2025 mid-year budget, dismissing claims of under-spending. Read the full list.

Isaac Mintah Isaac Mintah
Jul 24, 2025 - 18:56
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Ghana Spends GHS114 Billion in Six Months – Ato Forson Defends Government’s Fiscal Policy
The Minister for Finance, Dr. Cassiel Ato Forson

The Minister for Finance, Dr. Cassiel Ato Forson, has dismissed claims that Ghana's recent economic stability is the result of government frugality. Presenting the 2025 Mid-Year Budget Review to Parliament, Dr. Forson revealed that the government has, in fact, spent over GHS114 billion in the past six months to sustain critical national programs and services.

“Any claim that the economic gains are due to government not spending is palpably false,” Dr. Forson stated emphatically.

He went on to provide a breakdown of key disbursements across sectors, emphasizing that the government's fiscal responsibility has not come at the cost of development, debt servicing, or social interventions.

Major Expenditures Between January and June 2025:

  • US$700 million paid towards Eurobond debt.

  • GHS10 billion paid to domestic bondholders.

  • GHS2.9 billion disbursed to the District Assemblies Common Fund (DACF).

  • GHS9.1 billion allocated to the energy sector to maintain stable power supply.

  • GHS5 billion used to settle arrears.

  • GHS2.9 billion released to the Ghana Education Trust Fund (GETFund).

  • GHS1 billion injected into the Free Senior High School Programme.

  • GHS2.7 billion provided to the National Health Insurance Scheme (NHIS).

  • GHS1.4 billion for the NHIS claims settlement.

  • GHS252 million for the procurement of vaccines and essential medicines.

  • GHS72.8 million as Capitation Grant to basic schools.

  • GHS477 million transferred to LEAP beneficiaries.

  • GHS895 million for the School Feeding Programme.

  • GHS122.8 million used to register candidates for the 2025 BECE.

  • GHS300 million for the No Fee Stress Policy to ease student burden.

  • GHS52 million in Teacher Training Allowances.

  • GHS369.9 million in Nursing Training Allowances.

  • GHS25 million in Assembly Members’ allowances.

  • GHS21 million to fund the National Apprenticeship Programme.

  • GHS34.5 million to support the Adwumawura Jobs Programme.

  • GHS2 billion in Goods and Services to ensure smooth government operations.

  • GHS2 billion to revitalize the National Investment Bank (NIB).

Dr. Forson reaffirmed the government’s commitment to “spending where it matters,” adding that these investments are critical to sustaining economic recovery, creating jobs, and improving the quality of life for all Ghanaians.

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