Finance Minister, Dr. Cassiel Ato Forson, has sounded a note of caution, stating that despite recent efforts, the country’s economy remains in distress.
Speaking during a youth engagement session, on X space, hosted by social media influencer KalyJay, Dr. Forson emphasized that Ghana is not yet out of the woods and requires careful measures to restore stability.
“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.
To address these challenges, the government plans to implement policies that promote economic stability, including controlling inflation, maintaining a stable exchange rate, and creating a more predictable economic environment.
Dr. Forson highlighted the importance of reducing domestic borrowing, which will free up resources for the private sector to drive business growth and economic expansion.
“We need to put together a framework that ensures a stable exchange rate, stable inflation, and a stable economy,” He added. He also assured the public that the government values the input of citizens, particularly the youth, in shaping its policies.
Dr. Forson’s comments come ahead of the presentation of the 2025 Budget and Policy Statement, scheduled for March 11. The minister has pledged to prioritize prudent fiscal management, economic stability, and policies that benefit Ghanaians.
Baina Multimedia/ Khadijahtu Kubura Kailani.
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