Finance Minister Dr. Cassiel Ato Forson has outlined significant financial allocations aimed at driving national development and addressing pressing social concerns.
Presenting the 2025 Budget Statement to Parliament on Tuesday, March 11, he detailed various initiatives designed to support economic growth, skills development, and community welfare.
“Mr. Speaker, we have also allocated GH¢51.3 million as seed fund for the establishment of the Women’s Development Bank,” Dr. Forson announced, emphasizing the government’s commitment to empowering women through financial inclusion.
He further disclosed the allocation of GH¢300 million to the National Apprenticeship Programme, a move expected to enhance technical and vocational skills among the youth.
“Mr. Speaker, we have also allocated GH¢100 million to the ‘Adwumawura’ Programme,” he added, referring to an initiative aimed at supporting employment and entrepreneurship.
Recognizing the importance of digital skills in the modern economy, Dr. Forson also revealed that GH¢100 million has been allocated to the National Coders Programme, which is set to provide training and opportunities in the technology sector.
In a notable policy shift, the Finance Minister announced an allocation of GH¢100 million for the payment of monthly allowances to all Assembly Members, acknowledging their crucial role in local governance.
Addressing recent disasters, Dr. Forson assured Parliament that adequate resources have been allocated to the Ministry of Works and Housing to assist victims of tidal waves in Agavedzi and neighboring communities in the Ketu South constituency.
With these financial commitments, the Mahama-led administration aims to foster economic resilience, enhance livelihoods, and strengthen community support systems across the country.
