Dr. Cassiel Ato Forson, Ghana’s Finance Minister, has reassured foreign investors that the economy of the nation is firmly on a quantifiable route to recovery and is ready for long-term stability and prosperity.
“Ghana is on track,” Dr. Forson said while addressing a crowded crowd of investors in Washington at the 2025 IMF and World Bank Annual Meetings. “We’ll sustain the gains.”
He emphasised that the country’s economic recovery is already visible in the shape of stronger macroeconomic fundamentals and decreasing debt vulnerabilities, which demonstrate the success of the government’s reforms and policy actions.
The current structural and budgetary reforms, according to Dr. Forson, are intended to ensure long-term macroeconomic stability, and he voiced great hope about their sustainability.
Dr. Forson emphasised that Ghana’s economic prospects are still favourable.
Inflation, which has already experienced sharp drops, is anticipated to further relax and stay in the single digits by year’s end, while growth is anticipated to recover robustly in the last quarter of the year, driven by a revitalised real sector.
By the end of the fiscal year, the government is still on track to reach a positive primary balance of 1.5% of GDP, which will further solidify the progress accomplished under continuing fiscal reforms, he noted.
Dr. Forson reiterated the government’s commitment to enacting fiscal austerity policies based on stringent spending caps and sound financial management.
Source: newsthemegh.com