2025 Budget key to Ghana’s economic recovery – Ato Forson

Finance Minister Dr. Cassiel Ato Forson has emphasized that the 2025 Budget and Policy Statement will be instrumental in stabilizing Ghana’s struggling economy.

Speaking during a youth engagement session on X Spaces, hosted by social media influencer KalyJay, Dr. Forson acknowledged that despite recent efforts, the country’s financial situation remains precarious.

“Let me make this point: let’s not deceive ourselves that the country is out of the woods yet. Our economy is still in distress, and the first thing we will need to do is to take measures to bring us back to the stability that we deserve,” he stated.

He outlined the new administration’s commitment to implementing policies that will foster economic stability, including efforts to control inflation, maintain a stable exchange rate, and create a more predictable economic environment.

“What we can do is to put together a framework where there will be a stable exchange rate, stable inflation, and a stable economy,” he added.

Dr. Forson also reiterated the government’s plan to reduce domestic borrowing, ensuring that more financial resources are available to the private sector to drive business growth and economic expansion.

“It is very critical for the government to cut expenditure and reduce its appetite for borrowing. In doing so, there will be a lot more resources for the private sector to benefit from,” he stressed.

Following his recent engagement with traders at Accra’s Central Business District, Dr. Forson assured the public—especially the youth—that such consultations would play a role in shaping government policies. He dismissed suggestions that these engagements were merely symbolic and would not influence the final budget presentation set for March 11.

“I do not take the people of Ghana for granted. I am not here because I just wanted to. I am here because I want to hear your take—ignore the propaganda out there,” he affirmed