Finance Minister Dr. Cassiel Ato Forson has categorically rejected claims by Tano Member of Parliament Gideon Boako that the government missed 50 percent of its fiscal budget targets.
Responding to Mr. Boako’s argument that the government missed at least 50 percent of its budget targets, Dr. Forson stated that this is a “curious and inaccurate claim” unsupported by the macroeconomic data.
These are facts,” Dr. Forson asserted. “They are recognised by the markets, investors, credit rating agencies, the IMF and the World Bank, among others.”
He said that these figures do not represent the profile of a government “missing half its targets.” Instead, he characterised the performance as the “profile of a government regaining credibility through discipline.”
Below is the statement
SETTING THE RECORDS STRAIGHT
- On Fiscal Targets and Performance
A. Gideon Boako argued that we missed at least 50 percent of our budget targets.
It is a curious and inaccurate claim, because none of the macro data supports it.
i. Growth for the first half of the year stood at 6.3 percent, comfortably above the revised target of 4.0 for 2025 setting us on the path of exceeding the target for the year.
ii. Inflation fell from 23.8 percent in 2024 to 8 percent by October 2025, beating the end-year target of 11.9%;
iii. The primary balance swung from a deficit of 3 percent of GDP in 2024 to a surplus of 1.6 percent by September 2025, outperforming the 0.6 percent target for the period;
iv. Public debt dropped from 61.8 percent at the end of 2024 to 45 percent of GDP at the end of October 2025, a historic correction; and
v. Gross reserves strengthened from 4 months to 4.8 months of import cover.
These are facts.
They are recognised by the markets, investors, credit rating agencies, the IMF and the World Bank, among others.
B. This is not the profile of a government “missing half its targets.”
C. This is the profile of a government regaining credibility through discipline.
By: Rainbowradioonline.com/Ghana
