2025 Budget: GHC684million allocation for teacher and nursing trainee allowances

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March 11, 2025
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The Minister of Finance, Dr. Cassiel Ato Forson, has revealed that a total of GHC684 million has been allocated in the 2025 budget to cover the payment of allowances for both teacher and nursing trainees.

During the presentation of the 2025 budget on March 11, Dr. Forson emphasized the government’s continued commitment to investing in the education and healthcare sectors, ensuring that future teachers and healthcare professionals are properly supported throughout their training.

“We have allocated GH¢203 million for the payment of teacher trainee allowances and an additional GH¢480 million for nursing trainee allowances,” Dr. Forson confirmed.

The GH¢203 million set aside for teacher trainee allowances will benefit thousands of students enrolled in teacher training colleges across the country.

This funding marks the continuation of a policy that has seen the reinstatement of allowances for trainees, which were initially canceled during the John Mahama administration but reintroduced under President Nana Akufo-Addo’s government.

The decision to continue these allowances has sparked some debate, particularly considering that the previous Mahama administration had argued that trainee nurses and teachers could access student loans, similar to other tertiary students.

Despite these past discussions, the current government has chosen to maintain the allowance system, reaffirming its commitment to supporting education and healthcare trainees.

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March 13, 2025
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Dr. Amin Adam: Finance Minister falsely inflated expenditure by GHC49.2bn

Dr Mohammed Amin Adam, former Minister for Finance and current Ranking Member of Parliament’s Finance Committee, has accused the Finance Minister of inflating expenditure figures in the 2025 Budget Statement by GHC49.2 billion.

According to Dr Adam, this move was deliberately intended to misrepresent the financial management of the previous New Patriotic Party (NPP) administration.

Speaking at a press conference held by the Minority Caucus on Thursday, March 13, he challenged the credibility of the figures presented by Finance Minister Dr Cassiel Ato Forson.

He argued that despite strong revenue performance and prudent expenditure management under the NPP government, the budget data suggested an exaggerated fiscal deficit of 7.6% of GDP and a primary deficit of 3.6% of GDP.

“An economy with such strong revenue performance and expenditure management as we have seen from the data in the budget cannot produce the kind of elevated fiscal outturns the Minister announced,” he stated.

Dr Adam further accused the government of manufacturing false claims to damage the reputation of the previous administration.

“They have erroneously churned out wrong data in a bid to tarnish the image of the NPP administration by including GH¢49.2 billion in expenditure claims without any basis,” he alleged.

He stressed that such distortions put the credibility of the country’s fiscal data into question. The former Finance Minister called on the government to provide clear justifications for the expenditure claims and urged Ghanaians to scrutinise the figures presented.

He warned that any attempt to manipulate data for political gain would have long-term consequences on investor confidence and Ghana’s economic outlook.

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March 13, 2025
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2 minutes Read

Cooking figures will make investors punish you – Dr. Amin Adam warns Finance Ministe

the immediate past Finance Minister and Ranking Member of Parliament’s Finance Committee, Dr Mohammed Amin Adam, has cautioned his successor against manipulating economic figures, warning that such actions could erode investor confidence in Ghana.

Speaking at a press conference for the Minority Caucus on Thursday, March 13, Dr Amin Adam criticised the Finance Minister for allegedly misrepresenting key economic data.

He argued that presenting misleading statistics to create a negative impression of the country’s financial situation would have serious consequences.

“So, you see, if you cook figures to create a narrative to run your country down, international investors will show you where power lies,” Dr Amin Adam remarked.

He emphasised that Ghana’s economic credibility is crucial in maintaining investor trust and attracting foreign capital.

The former minister further stated that inaccurate fiscal reporting could lead to higher borrowing costs and reduced investor interest in Ghana’s financial markets.

He urged the government to prioritise transparency and accuracy in economic data presentation to safeguard the nation’s reputation.

Dr Amin Adam concluded by calling on the Finance Minister to correct any discrepancies in the 2025 Budget and ensure that Ghana presents a true reflection of its economic position.

“If we do not uphold credibility in our financial reporting, we risk making Ghana unattractive to the very investors we need,” he warned.