See government’s ¢43.3bn allocation to various sectors of the economy

The Finance Minister Dr Cassiel Ato Forson has outlined financial allocations for various sectors and initiatives in the 2025 budget, with a focus on education, infrastructure, social protection, and disaster relief.

The allocations aim to support the government’s economic recovery and development priorities, addressing immediate concerns while laying the foundation for long-term growth.

In all, there were 19 allocations highlighted in the budget and they include:

1. Big Push Programme: GH¢13.85 billion (US$892.9 million)
2. No-Academic-Fee Policy for First-Year Students in Public Tertiary Institutions: GH¢499.8 million (US$32.2 million)
3. Distribution of Free Sanitary Pads to Female Students: GH¢292.4 million (US$18.9 million)
4. Support for Victims of the Akosombo Dam Spillage: GH¢242.5 million (US$15.65 million)
5. Support for Victims of the Tidal Wave Disaster in Ketu South: GH¢200 million (US$12.9 million)
6. Free Secondary Education Programme: GH¢3.5 billion (US$225.8 million)
7. Comprehensive Provision of Free Curricula-Based Textbooks: GH¢564.6 million (US$36.4 million)
8. School Feeding Programme: GH¢1.788 billion (US$115.7 million)
9. Capitation Grant: GH¢145.5 million (US$9.4 million)
10. Teacher Trainee Allowances: GH¢203 million (US$13.1 million)
11. Nursing Trainee Allowances: GH¢480 million (US$30.9 million)
12. National Health Insurance Scheme (NHIS): GH¢9.93 billion (US$640.6 million)
13. Ghana Road Fund: GH¢2.81 billion (US$181.3 million)
14. District Assembly Common Fund (DACF): GH¢7.51 billion (US$484.5 million)
15. Agriculture for Economic Transformation Agenda (AETA): GH¢1.5 billion (US$96.8 million)
16. Seed Fund for the Establishment of the Women’s Development Bank: GH¢51.3 million (US$3.3 million)
17. National Apprenticeship Programme: GH¢300 million (US$19.4 million)
18. ‘Adwumawura’ Programme: GH¢100 million (US$6.5 million)
19. National Coders Programme: GH¢100 million (US$6.5 million)

In all the total budget allocation across the various sectors amounts to GH¢43.3 billion, which is approximately US$2.79 billion when converted using the exchange rate of GHC15.50 to 1 US dollar as of today, March 11.

Source: Myjoyonline