Manso Nkwanta MP Slams 2025 Mid-Year Budget Review Over Lack of Clarity on Economic Gains
Accra, July 25, 2025 — Member of Parliament for Manso Nkwanta, Tweneboah Fokuo, has criticised the 2025 Mid-Year Budget Review, accusing the government of failing to clearly outline the specific factors and policy decisions that led to Ghana’s recent macroeconomic gains.
Speaking after Finance Minister Dr. Cassiel Ato Forson’s presentation on Thursday, July 24, Mr. Fokuo said the budget review lacked substantive explanations behind the reported improvements in inflation, exchange rates, and GDP growth.
“The figures were presented as though they simply emerged from recent efforts, but the review did not break them down to help Ghanaians understand how we got here,” the MP told journalists.
He stressed that at a time when Ghanaians are demanding greater transparency, the Mahama administration missed a key opportunity to educate the public on the combined local and international factors driving the recovery.
Calls for Transparency and Context
While acknowledging that the macroeconomic indicators are moving in the right direction, Mr. Fokuo argued that the government should have gone beyond listing the figures to explain the full economic context.
“Yes, we have seen some good macroeconomic indicators. However, the Ministry should have acknowledged the full picture, including the global factors and local policy decisions, that have brought us to this point,” he added.
He also criticised the Finance Minister for failing to give credit to the former New Patriotic Party (NPP) administration, which he claims laid the groundwork for some of the economic gains now being touted.
“There was no credence given to the NPP administration that set the pace. And no proper acknowledgement of the global economic issues that have shaped our situation,” Mr. Fokuo asserted.
Minister Defends Record
In his mid-year update, Dr. Ato Forson highlighted major achievements including a drop in inflation from 23.5% to 13.7%, a stable exchange rate, and significant improvements in gross international reserves.
He also detailed new initiatives, such as the recapitalisation of the National Investment Bank (NIB) to preserve over 900 jobs, and efforts to combat payroll fraud, which uncovered over 14,000 ghost names.
While the presentation was generally well received by the Majority in Parliament, the Minority’s reactions—especially those from opposition voices like Mr. Fokuo—underscore growing demands for accountability and policy transparency in the government’s economic recovery strategy.
Political analysts say the coming weeks will likely feature more detailed parliamentary debate on the mid-year fiscal outlook, as both sides of the House seek to shape the narrative ahead of the 2026 general elections.
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