Economist and Management Consultant Evans Nunoo has advised people to manage their expectations regarding the Mid-Year budget, suggesting that no significant changes or transformations are anticipated based on the data presented.
He noted that the budget aims primarily to sustain current gains and prevent further economic deterioration rather than initiating substantial changes.
“Given the budget, it appears that the government is focused on maintaining the small gains achieved so far. This budget doesn’t offer strong assurances of significant transformation, but it also shouldn’t make us lose hope. It seems that the budget is primarily aimed at sustaining the economy throughout the year,” he said.
Mr. Nunoo explained that the budget focuses on maintaining the economy throughout the year, with little expected to change.
He highlighted that the government did not request additional funds, indicating that spending will remain within the allocated budget, which is a positive sign for fiscal discipline.
He praised government for keeping microeconomic indicators like the 4.7% growth rate, inflation, and exchange rate within reasonable bounds, despite the cedi’s depreciation.
He also mentioned that Ghana’s debt situation is manageable, with payments set to begin in 2026 following recent negotiations.
Mr. Nunoo found the Economic Growth Improvement Program, which aims to enhance rural-to-town road connections and reintroduce road tolls, to be a noteworthy development.
