Finance Minister Dr Cassiel Ato Forson has stated that Ghana’s recent great economic performance is the result of significant structural reforms rather than short-term remedies.
He made the statements during a meeting with international investors in Washington ahead of the 2026 International Monetary Fund/World Bank Group Spring Meetings.
“Growth has exceeded expectations, driven by strong performance in services and agriculture, while inflation continues to decline steadily, supported by tight monetary policy, fiscal consolidation, and a strengthening Cedi. “
“These are not cosmetic gains. They are outcomes of well‑thought‑through reforms, backed by laws and disciplined implementation,” he said.
Investors were reassured by Dr. Forson that the administration would continue to concentrate on strengthening reforms, consolidating achievements, and creating a robust, inclusive, and growth-oriented economy.
Reducing the size of government, adding fiscal regulations to the Public Financial Management Act, and creating oversight organisations like an Office of Value for Money and an independent Fiscal Council are some of the measures.
In order to finance infrastructure, Dr. Forson also emphasised reforms in tax administration, petroleum revenue priority, public finances management, and royalty restructuring.
He listed initiatives to improve efficiency and accountability, including payroll audits, program rationalisation, energy sector changes, and COCOBOD reorganisation.
Dr. Forson pointed out that while debt restructuring was almost finished, Ghana’s external situation had improved thanks to strong exports of gold and cocoa as well as higher reserves.
He cited lowering rates and sovereign rating upgrades as examples of how “these reforms have translated into tangible market outcomes.”
“The gains we achieved in 2025 provide a solid platform for continued recovery and policy predictability. Our focus now is to consolidate these gains, strengthen confidence, and build a more resilient and inclusive economy,” he stated.
At the meeting, investors praised Ghana’s reset plan, highlighting the breadth of changes and advancements made in stabilising the economy and rebuilding credibility.
Source: newsthemegh.com