2025 budget provides clear path to inflation control – Prof. Gatsi

The Dean of the University of Cape Coast School of Business, Professor John Gatsi, has commended the 2025 financial budget, stating that it provides a clear policy direction to address inflation in Ghana.

He particularly praised the government’s commitment to limiting excessive borrowing, which he believes will help stabilise market indicators and ease inflationary pressures.

"I believe there's commitment to hold on to borrow limit within the region government, which will mean that there will not be so much pressure coming from the borrowing that will affect inflation and other indicators in the market," he stated.

Speaking on Graphic Business X Dialogue under the theme "2025 Budget: What’s in it for You and Your Business," Prof. Gatsi also highlighted strong coordination between fiscal authorities, the Agriculture Ministry, and the central bank to tackle food inflation.

According to him, the budget includes measures to rapidly increase the production of key food items, a strategy aimed at curbing inflation and reducing Ghana’s dependence on food imports.

"I've heard a central bank also coming to collaborate and to coordinate things so those things are very clearly indicated in the budget to boost certain food items production those items in a very fast track manner," he noted.

He pointed out that statistical data shows that 10 to 20 food crops are the main drivers of inflation, and the government’s targeted focus on boosting their production will help stabilise food prices.

Prof. Gatsi emphasised that Ghana remains a net importer of food, and the ultimate goal is to reduce reliance on imports while increasing local food availability.

These targeted measures, he added, are critical for ensuring economic stability and long-term inflation control.