The Centre for Democratic Movement (CDM) has criticized the 2025 Budget as a mix of populist tax reliefs and fiscally irresponsible spending.
While acknowledging the cancellation of the E-Levy and allowances for Assembly Members, the group stated that the budget “fails to present a coherent economic strategy” to stabilize Ghana’s struggling economy.
A major concern raised was the GHC 2.7 billion allocated to the Office of Government Machinery, a significant increase from GHC 327 million under the previous regime. CDM described this as “fiscally irresponsible,” warning that overspending at the presidency could jeopardize macroeconomic stability.
The report also criticized the government for offering a mere 10% wage increase for public sector workers, compared to the 30% negotiated under the previous administration. “This raises questions about the government’s priorities amid a cost-of-living crisis,” the statement read.
Although institutions like Deloitte and Bloomberg have projected that inflation could dip to 15% by year-end, CDM attributed these improvements to global trends and prior reforms, rather than the current administration’s policies. “These improvements should not be misattributed to current leadership,” the group added.
CDM also called for clearer policy direction on major proposals such as the “24-hour economy” and “Big Push,” noting that their absence from financial policy statements creates more confusion than confidence.