Parliament has been told that government’s targeted interventions since early 2025 have successfully steered Ghana out of years of economic turbulence, restoring credibility and stability across key macroeconomic indicators.
Delivering the 2027 Budget Statement and Economic Policy on the floor of the House, the Minister for Finance, Dr. Cassiel Ato Forson, explained that the administration embarked on a deliberate effort at the start of 2025 to bring order back to the economy.
According to the Minister, those measures yielded significant results by the close of 2025, with inflation dropping sharply from 23.8 percent to 5.4 percent. Over the same period, the primary balance swung from a deficit of 4.1 percent to a surplus of 2.5 percent of Gross Domestic Product.
Dr. Forson further disclosed that Ghana’s public debt has declined to 44.7 percent of GDP, while gross international reserves have strengthened to cover 5.7 months of imports.
Highlighting the practical impact of the recovery, the Finance Minister stated that the economic gains now offer households greater certainty, enable businesses to plan ahead, and allow citizens to focus beyond recurring economic emergencies.
He acknowledged, however, that macroeconomic figures alone cannot make up for the years families lost to instability, stressing that the sacrifices made by Ghanaians will only be truly honoured when the restored stability translates into jobs, rising incomes and expanded opportunities.
Reflecting on past economic management, Dr. Forson noted that Ghana had previously created fiscal space on several occasions but failed to direct it with sufficient purpose.
By: Rainbowradioonline.com/Ghana