Finance Minister Dr. Cassiel Ato Forson has reiterated that the 2025 Budget and Policy Statement will be instrumental in stabilising Ghana’s struggling economy.
According to the minister, the country is not out of the woods yet, and the government will take measures to address the challenges.
He made the remarks during a youth engagement session on X Spaces, hosted by social media influencer KalyJay.
“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 said.
The minister stated that the President John Dramani Mahama-led administration will roll out measures that will foster economic stability.
These measures will include efforts to control inflation, maintain a stable exchange rate, and create 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.
He noted that the government will also reduce domestic borrowing, ensuring that more financial resources are available to the private sector to drive 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 said.
Meanwhile, he has refused claims that his engagement with traders over the weekend was just a political action.
“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 concluded.
By: Rainbowradioonline.com/Ghana
