Cabinet Approves 2025 Budget, Confirms Plans for Second Gas Processing Plant

The Ghanaian government has officially approved the 2025 fiscal policy, paving the way for its parliamentary presentation on March 11. This decision was made during a special Cabinet meeting on Thursday, reinforcing the administration’s focus on economic stabilization and sustainable growth.

Key Budget Highlights

Speaking to the press, Minister of Government Communications Felix Kwakye Ofosu assured Ghanaians that the budget would reflect the government’s 120-day pledges, including:

Removal of the betting tax

Abolition of the COVID levy

Comprehensive strategies for economic recovery and national development

Additionally, the budget will provide insights into the financial state inherited by the National Democratic Congress (NDC) government while outlining strategic policies to drive growth.

Second Gas Processing Plant Approved

To address Ghana’s long-standing energy challenges, Energy Minister John Jinapor announced the government's plan to construct a second gas processing plant. This project aims to:

Bridge the country’s fuel supply gap

Ensure a stable and reliable power supply

Reduce dependency on expensive fuel imports

Support industrialization and economic expansion

Jinapor emphasized that rising energy demand and fuel shortages have contributed to persistent power instability. The new facility is expected to significantly enhance energy security and drive sustainable development.