Finance Minister Dr. Cassiel Ato Forson on Tuesday, March 11, 2025, presented the budget statement before Parliament.
In his remarks, he claimed that the state of the economy as he presented does not reflect an economy that has turned the corner; it reflects an economy in severe distress, burdened by debt repayment humps, mismanagement, and a lack of accountability.
He posited that the budget sets Ghana on a path of fiscal responsibility, debt sustainability, macroeconomic stability, and job creation. It is about resetting the economy and restoring hope.
‘’ Ghanaians reaffirmed their faith in a better future when they actively participated in the National Economic Dialogue on 3rd and 4th March, 2025. A key outcome of the dialogue was the confirmation that the fundamental problem with our economy is fiscal indiscipline. The NPP administration awarded contracts outside the expenditure framework. They borrowed over and above Ghana’s capacity to repay.
He added that’Mr. Speaker, H.E. President John Mahama’s administration will be fiscally disciplined and deliver improved public services to our people in a cost-effective manner.
We remain steadfast in meeting the IMF program targets while restoring Ghana’s creditworthiness. We have achieved a lot in a short time, but this is only the beginning. Our commitment to reform will not waver.
Those who doubt our resolve underestimate the determination of the people of Ghana, who will no longer tolerate ineffective governance. Together, we will navigate these turbulent times and emerge stronger.’’
Download the full budget statement below
By: Rainbowradioonline.com/Ghana
