Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has sent a clear message that the 2025 Budget and Policy Statement will be a game-changer in stabilizing the country’s struggling economy. Speaking during a youth engagement session on X Spaces, Dr. Forson acknowledged that despite recent efforts, Ghana’s financial situation remains precarious.
“We cannot afford to be complacent; our economy is still in distress,” he emphasized. “We need to take bold measures to bring back stability and ensure a predictable economic environment”.
Dr. Forson outlined the government’s commitment to implementing policies that will foster economic stability, including controlling inflation, maintaining a stable exchange rate, and creating a more conducive business environment. He also reiterated the government’s plan to reduce domestic borrowing, freeing up more resources for the private sector to drive business growth and economic expansion.
“What we can do is put together a framework where there will be a stable exchange rate, stable inflation, and a stable economy,” he added.
Dr. Forson’s engagement with traders at Accra’s Central Business District and his recent youth engagement session demonstrate his commitment to listening to the concerns of Ghanaians. He assured the public that these consultations will play a significant role in shaping government policies.
The Finance Minister’s words come at a critical time, as Ghana prepares to present its 2025 budget on March 11. With the government’s commitment to prudent economic management and fiscal discipline, Ghanaians can be hopeful that the country is on the path to economic recovery.
Ruth Abla ADJORLOLO
