The 2025 Budget fails to consider geopolitical and global supply chain challenges – Agyinsam

In a critical assessment of the 2025 budget, former Deputy Finance Minister Kwaku Agyemang-Manu highlighted significant oversights regarding geopolitical and global supply chain challenges. He expressed concerns that the budget does not adequately address the complexities arising from international conflicts and economic disruptions, which have substantial implications for Ghana's economy.

Agyemang-Manu pointed out that these external factors can severely impact trade, investment, and overall economic stability. He emphasized the necessity for policymakers to incorporate strategies that respond to these challenges, ensuring that Ghana is well-prepared to navigate potential crises. This lack of foresight could hinder the country's growth prospects in an increasingly interconnected world.

Furthermore, he urged the government to prioritize comprehensive planning in future budgets. By integrating an understanding of global trends and their local ramifications, Ghana can better position itself to tackle both current and emerging economic hurdles effectively. Without this proactive approach, Agyemang-Manu warns that the nation may struggle to achieve sustainable development in an unpredictable global landscape.