CEO of Dalex Finance, Joe Jackson, has described the 2025 Budget, presented by Finance Minister Dr. Cassiel Ato Forson, as a vital measure to support Ghana’s economic recovery.

However, he warned that its success depends on whether key financial projections are realized.

He pointed out that the government’s fiscal strategy is built on ambitious revenue targets, enhancements to the tax refund system, and strengthened economic confidence.

Nonetheless, he cautioned that external factors—such as a sharp depreciation of the Cedi, difficulties in the cocoa sector, or a decline in gold prices—could undermine the recovery efforts.

His observations followed the Finance Minister’s budget presentation in Parliament on March 11, where Dr. Forson outlined strategies to address the prevailing economic crisis, which some have attributed to the previous administration.

Speaking on The Big Issues on Channel One TV on March 15, Jackson acknowledged the government’s ongoing efforts to stabilize the economy under the IMF program but stressed that the budget carries significant uncertainties.“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.

“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.

“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.