Finance Minister Connects with Makola Market Traders Ahead of Budget 2025

Ghana's Finance Minister, Dr. Cassiel Ato Forson, engaged in a significant outreach initiative on the eve of the 2025 Budget presentation.  He spent time directly interacting with market women, including "kayayei" (head porters), and other traders at the bustling Makola Market in Accra.  This engagement, described by Dr. Forson as a "privilege," highlights the government's commitment to incorporating the voices of everyday Ghanaians into the budgetary process.

 


The discussions, held with Dr. Forson's deputy, Thomas Nyarko Ampem, focused on the economic challenges faced by small-scale traders.  Key concerns raised included the impact of inflation, taxation policies, and access to credit.  The Minister acknowledged the crucial role these traders play in sustaining Ghana's economy, emphasizing their tireless efforts and contributions.  He directly addressed their concerns, assuring them that their feedback would directly inform the policies shaping the upcoming budget.

 

Dr. Forson's social media post further emphasized the importance of this interaction, stating, "Their expectations ahead of #Budget2025 will help shape our shared future."  This statement underscores a commitment to participatory governance and inclusive economic planning.

 

The timing of this engagement is particularly noteworthy, coinciding with the government's approval of the 2025 fiscal policy document on Friday, March 7th.  This pre-budget approval, decided during a special Cabinet meeting, demonstrates a proactive approach to economic management and reinforces the administration's focus on economic stabilization and sustainable growth.

 

The direct engagement with Makola Market traders signifies a shift towards more inclusive budgeting.  By prioritizing the perspectives of those directly impacted by economic policies, the government aims to create a budget that is responsive to the needs of all Ghanaians, particularly the vulnerable segments of the population.  The upcoming Budget 2025 presentation on March 11th is highly anticipated, with expectations high for policies that address the concerns raised during this crucial market engagement.

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