Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has stressed that the 2025 Budget and Policy Statement will be pivotal in stabilising the country’s fragile economy.
During a youth engagement session on X Spaces, hosted by social media influencer KalyJay, Dr. Forson acknowledged that despite ongoing economic recovery efforts, Ghana’s financial landscape remains unstable.
“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.
Dr. Forson outlined the administration’s commitment to implementing policies that will drive economic stability. These measures include controlling inflation, maintaining a stable exchange rate, and fostering a more 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.
A key part of the government’s strategy, he noted, is reducing domestic borrowing, ensuring that more financial resources are available to the private sector to spur 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 emphasized.
Following a recent engagement with traders at Accra’s Central Business District, Dr. Forson assured Ghanaians, particularly the youth, that such consultations would directly influence government policy. He dismissed suggestions 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.
The 2025 Budget and Policy Statement is expected to outline strategic fiscal measures aimed at strengthening Ghana’s economic foundation, ensuring long-term stability, and creating a favorable environment for investment and development.
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