Finance Minister Dr. Cassiel Ato Forson has stated that Ghana’s economy is recovering.
He indicated that the government inherited the painful effects of the fiscal slippages of 2024, pressures that weighed heavily on households, businesses, and public finances.
Confidence, he stated, was fragile with inflation elevated, the exchange rate was unstable, and the public debt was also elevated.
The Minister said that through visionary leadership, fiscal discipline, and policy consistency, the tide has finally turned.
Ghana’s economy, he claimed, has finally recovered, marked by renewed investor confidence and an improved macroeconomic outlook.
He said real GDP expanded by 6.6 percent in the first quarter of 2025, up from 5.1 percent in the same period of 2024, driven by stronger agriculture and service sectors, lower inflation, and renewed business confidence.
Dr. Forson stated that non-oil GDP grew by 7.8 percent, showing that growth is powered by domestic production.
He said the 2026 budget marks a shift from recovery to transformation, from resilience to stability, and from stability to jobs.
By: Rainboiwradioonline.com/Ghana
