The Finance Minister, Dr Cassiel Ato Forson, has indicated that Ghana is making steady progress towards achieving debt sustainability, noting that this shift represents a significant milestone in the nation’s economic recovery.
During high-level discussions with Ousmane Diagana, the World Bank’s regional vice president for Western and Central Africa, the minister explained that the country is now transitioning from a period of economic stabilisation into a phase centred on growth and expansion.
These remarks were made on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C. Addressing the current economic climate, Dr Forson remarked: “Ghana has stabilised its economy and is firmly on the path to debt sustainability. We are now shifting focus from stabilisation to growth.”
This renewed collaboration with the World Bank is expected to prioritise four key areas designed to boost productivity and job creation.
The strategic focus will encompass commercial agriculture and agribusiness, energy development—with a particular emphasis on gas-to-power and gas-to-fertiliser initiatives—education and human capital development, and the infrastructure required to improve the movement of goods.
Dr Forson further emphasised that the government remains committed to maintaining fiscal discipline while simultaneously pursuing growth-orientated investments. He reiterated this stance by stating: “We will continue to uphold prudent fiscal management while safeguarding vulnerable groups.”
The minister commended the World Bank for its continued support. He stressed that the partnership will play a vital role as Ghana consolidates its recent economic gains and advances towards a more resilient and inclusive growth trajectory.
By: Rainbowradioonline.com/Ghana
