Gov’t targets 11.9% inflation rate by end of 2025 – Dr. Ato Forson

Finance Minister Dr Cassiel Ato Forson has announced that the government has set an end-period inflation rate target of 11.9% for 2025.

This target is part of the government’s broader macroeconomic objectives aimed at stabilising the economy and promoting sustainable growth.

Presenting the 2025 budget in parliament today Tuesday March 11, he noted that “Mr. Speaker, in pursuit of the overarching macroeconomic objectives, the following macroeconomic targets have been set for the 2025 fiscal year:

i Overall Real GDP growth of at least 4.4 percent;

ii Non-Oil Real GDP growth of at least 5.3 percent;

iii End-Period inflation rate of 11.9 percent;

iv Primary Balance on Commitment basis at a surplus of 1.5 percent of GDP; and

v Gross International Reserves (including oil funds and encumbered/pledged assets) to cover not less than 3 months of imports.”