Deputy Finance Minister, Thomas Ampem Nyarko, has stated that the government under the leadership of President John Dramani Mahama has made significant progress in stabilizing and improving the economy over the past 10 months.
He said the prudent fiscal management has led to a significant turnaround in the economy.
Mr. Thomas Ampem Nyarko said this while addressing a press conference in Accra on Monday, October 20, 2025, ahead of the 2026 budget presentation in November.
According to him, the government has recorded a primary balance surplus of 1.4% of GDP, reduced the fiscal deficit to 1.5%, and brought public debt down to 46.8% as of August 2025.
“These achievements are not ends in themselves but foundations for sustained recovery and shared prosperity,” Mr. Ampem Nyarko stated.
“The recent successful staff-level agreement with the IMF under the Extended Credit Facility (ECF) and the credit rating upgrade by Moody’s reaffirm international confidence in Ghana’s economic direction.”
By: Rainbowradioonline.com/Ghana
