Ghana’s economy is on a measurable path to sustained recovery – Dr. Ato Forson tells global investors

Print
Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

Minister for Finance, Dr. Cassiel Ato Forson, has delivered a strong message of confidence to international investors, assuring them that the country’s economy is “firmly on a measurable path to recovery” and poised for sustained growth and stability.

 

Speaking to a packed audience on the sidelines of the 2025 IMF and World Bank Annual Meetings in Washington, D.C., Dr. Forson declared: “Ghana is on track. We will sustain the gains.”.

The Minister noted that the success of the government’s policy interventions is already evident in declining debt vulnerabilities and stronger macroeconomic fundamentals.

Dr. Forson expressed strong optimism regarding the sustainability of the ongoing structural and fiscal reforms, which he emphasized are specifically designed to secure long-term macroeconomic stability.

Highlighting the economic prospects, the Minister outlined key projections for the near term:

 
  • Growth Rebound: Growth is projected to rebound strongly in the final quarter of the year, driven primarily by a revitalized real sector.
  • Inflation Easing: Inflation, which has already seen significant declines, is expected to ease further and remain in single digits by year-end.
  • Primary Balance Goal: The government remains on course to achieve a positive primary balance of 1.5% of GDP by the close of the fiscal year, a milestone crucial for consolidating fiscal reform gains.

Dr. Forson concluded by reaffirming the government’s dedication to implementing fiscal consolidation measures, which are anchored on tight expenditure controls and prudent financial management.