From Rawlings to Akufo-Addo: How first budgets of new governments have fared in Ghana’s Fourth Republic

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From Rawlings to Akufo-Addo: How first budgets of new governments have fared in Ghana’s Fourth Republic

By Ephraim Ofori Numosuor, Financial Economist, Research and Policy Analyst. As Ghana’s new government gears up to present its maiden budget on March 11, 2025, expectations are sky-high. Every first budget of a new administration is more than just a fiscal plan, it’s a statement of intent, a promise of change, and a roadmap to economic transformation. But history reminds us that while first budgets often come with ambitious pledges, their real t…