Most of the respondents in the 2025 KPMG pre-budget survey believe that the new NDC administration’s policy initiatives in the budget can be a major step to economic recovery.
According to the report, the 24-hour economy is the top initiative expected to deliver some goodwill in elevating the living conditions of many, especially the unemployed youth.
“80% of respondents are confident that the new government’s policies in the 2025 Budget will drive economic recovery.
This optimism hinges on anticipated tax relief and the successful rollout of the 24-hour economy.
More than 50% of respondents have called for the scrapping of the E-levy and Covid-19 levy. Likewise, a substantial portion of respondents (72%) agree that the 24-hour economic policy will create jobs”, it noted.
The survey revealed a strong awareness of the import substitution agenda and a high willingness to support made-in-Ghana goods.
Additionally, respondents expressed priority concern for policy initiatives focused on the 24-hour economy, job creation, and tax and education reforms. The results from the survey also suggest employing public-private partnerships (PPPs), improving tax collections, and diversifying funding sources to address the crowding out of the private sector.
The 2025 Pre-Budget Survey, conducted via face-to-face interviews and online instruments from 11 to 21 February 2025, gathered insights from 233 leading large, small, and medium-sized businesses across 10 sectors in Ghana on the impact of current policies and to offer actionable feedback to the government through the Ministry of Finance for the upcoming budget and future cycles.
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