In a resolute tone, Minister of Finance, Dr. Ato Forson, concluded his Statement on the 2025 Budget in Parliament, painting a vivid picture of Ghana’s economic state. He candidly acknowledged that the economy is in severe distress, burdened by debt repayment, mismanagement, and a lack of accountability.
Despite these challenges, Dr. Forson expressed unwavering determination, stating that the 2025 budget sets Ghana on a path of fiscal responsibility, debt sustainability, macroeconomic stability, and job creation. He emphasized the government’s commitment to resetting the economy and restoring hope.
The Minister also highlighted the previous administration’s missteps, including awarding contracts outside the expenditure framework and borrowing beyond Ghana’s capacity to repay. In contrast, Dr. Forson assured that President John Mahama’s administration will be fiscally disciplined, delivering improved public services in a cost-effective manner.
He proudly listed the government’s achievements, including running a lean and efficient government, scrapping the E-Levy, and providing free tertiary education for people with disabilities. Dr. Forson also emphasized the government’s commitment to sustainable debt management, implementing the US$10 billion Big Push Programme for accelerated infrastructure development, and recovering looted state funds.
As Ghana navigates turbulent economic times, Dr. Forson’s determination and the government’s commitment to reform offer a beacon of hope for a brighter future.
Ruth Abla ADJORLOLO
