As the government prepares to present its 2025 budget, former President Nana Addo Dankwa Akufo-Addo has urged President John Dramani Mahama to safeguard the economic stability achieved during his tenure. Speaking at a closed-door event in Accra, Akufo-Addo stressed the need for continuity in fiscal responsibility, warning against reversing progress made in recent years.
“We worked hard to stabilise the economy. I only ask that this new government doesn’t undo that progress,” Akufo-Addo said, receiving a warm response from members of his party.
His remarks have stirred renewed political debate just weeks ahead of the anticipated budget presentation.
President Mahama, who returned to power in January after defeating Dr. Mahamudu Bawumia in the 2024 elections, is currently finalising his administration’s first major fiscal policy. Sources close to the government suggest the upcoming budget will prioritise job creation, expand public sector services, and tackle the country’s debt burden.
However, these plans have sparked concern among opposition figures who fear an increase in public spending could destabilise the economy.
Former economic adviser Dr. Gideon Boako has cautioned the government to avoid excessive expenditure and focus on maintaining macroeconomic discipline. Meanwhile, voices from within the ruling party argue the budget will address long-neglected needs.
NDC Member of Parliament Linda Obeng defended the administration’s direction, highlighting investments in critical sectors such as health and education.
Economists have weighed in, with financial analyst Kwame Ansah warning of the risks associated with additional borrowing. Though official details of the budget remain under wraps, indications point to increased taxes on luxury goods and reduced bureaucratic spending.
Political observers say Akufo-Addo’s intervention underlines his continued influence in Ghana’s political landscape, as attention turns to how Mahama’s government will navigate competing economic priority.
