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Finance Minister Dr. Cassiel Ato Forson has underscored the significance of the 2025 Budget and Policy Statement in restoring stability to Ghana’s struggling economy.
During a youth engagement session on X Spaces, hosted by social media influencer KalyJay, Dr. Forson acknowledged that despite recent efforts, the country’s economic challenges persist.
“Let me make this point: let’s not deceive ourselves that the country is out of the woods yet. Our economy is still in distress, and the first thing we will need to do is to take measures to bring us back to the stability that we deserve,” he stated.
He outlined the administration’s dedication to implementing policies that will promote economic stability, emphasizing the importance of controlling inflation, maintaining a steady exchange rate, and fostering a predictable economic environment.
“What we can do is to put together a framework where there will be a stable exchange rate, stable inflation, and a stable economy,” he added.
Dr. Forson also highlighted the government’s strategy to reduce domestic borrowing, ensuring that more financial resources are directed toward the private sector to stimulate business growth and economic expansion.
“It is very critical for the government to cut expenditure and reduce its appetite for borrowing. In doing so, there will be a lot more resources for the private sector to benefit from,” he stressed.
Following his recent engagement with traders at Accra’s Central Business District, Dr. Forson reassured the public—especially the youth—that such consultations would influence government policies. He dismissed claims that these engagements were merely symbolic and would not impact the final budget presentation set for March 11.
“I do not take the people of Ghana for granted. I am not here because I just wanted to. I am here because I want to hear your take—ignore the propaganda out there,” he affirmed.
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