The Minority in Parliament has expressed disappointment with the 2025 budget statement, arguing that it overlooks critical economic issues affecting Ghanaians.
At a press conference led by former Finance Minister Mohammed Amin Adams, the Minority raised concerns about the rising cost of living, unemployment, and challenging business conditions, emphasizing that the government’s economic policies fail to address these pressing matters effectively.
The Minority further criticized the budget for not providing any measures to alleviate the rising cost of electricity. Despite expectations that the government would take action to halt further increases, the budget outlined plans to adjust electricity prices quarterly, which they deemed unsatisfactory.
Additionally, the Minority accused the government of covertly removing subsidies on gas prices, resulting in an increase in the weighted average cost of gas from $7.8 to $8.4 per mmbtu. This, they argue, will contribute to further increases in energy costs for Ghanaians.
On fuel pricing, the Minority pointed out that despite previous promises by the NDC to use the Special Petroleum Levy to cushion consumers, the budget remained silent on the matter.
They expressed concern that, without any policy intervention, fuel prices will continue to rise, offering no relief for drivers or consumers.
