Ghanaian businesses are optimistic about the country’s economic future, with 80% of respondents in the 2025 Pre-Budget Survey believing the upcoming national budget will drive economic recovery. The survey, conducted by KPMG Ghana and the UNDP, gathered insights from 233 businesses across 10 sectors, highlighting their expectations and concerns ahead of the budget presentation.
A key concern for businesses is the need for tax relief. Many argue that the e-levy and COVID-19 levy are stifling growth, with over half of respondents supporting their abolition. However, this could result in a revenue shortfall of GHS 6.4 billion. To mitigate this, businesses suggest expanding the tax base to include the informal sector, reintroducing road tolls, and exploring digital taxation in the e-commerce sector.
Another area of focus is the proposed 24-hour economy, which has garnered significant support from businesses. 72% of respondents believe it has the potential to boost job creation and economic prosperity. However, they emphasize the need for enhanced security, stable electricity, improved transport infrastructure, and tax incentives to support round-the-clock operations.
Businesses are also calling for greater fiscal discipline and transparency, advocating for measures to curb wasteful expenditures, improve transparency in public procurement, and restructure loss-making state-owned enterprises. Furthermore, they are pushing for a greater focus on Sustainable Development Goals, particularly in areas such as Decent Work and Economic Growth, Quality Education, and Poverty Reduction.
CNR/Ruth Abla ADJORLOLO
