Chief Executive Officer of Dalex Finance, Joe Jackson, has described the 2025 Budget presented by Finance Minister Dr. Cassiel Ato Forson as a necessary intervention given Ghana’s economic situation.
However, he cautioned that its success depends heavily on optimistic financial projections materializing.
“Given where we are with the economy, the IMF programme and as a nation, I think this was an essential budget.
“It was a good enough budget. Have they taken some really big bets, yes; some bets have been taken,” he stated while speaking on The Big Issues on Channel One TV.
Jackson highlighted key areas of uncertainty, particularly the country’s ability to meet revenue targets. “The first bet is that our revenues will meet up with the level expected.
“Some interesting things have been done, for example with the tax refund regime. There is also a huge bet that there can be the optimism as we are seeing in the nation now, will translate into good things. But those are bets,” he explained.
He warned that any external economic shocks could derail the government’s financial plans, pointing to critical sectors such as cocoa and gold as major risk factors.
“Any external shock and we are down. If the Cedi dives, we are in trouble. If we cannot revive the cocoa sector, we are in trouble, and if the gold, which has held us up, doesn’t hold up, we are in trouble,” he cautioned.
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