Ato Forson: 2025 Budget Holds the Key to Ghana’s Economic Comeback
Finance Minister stresses need for stability, pledges policies to curb inflation, stabilize the exchange rate, and reduce borrowing to boost private sector growth
- Government aims to control inflation and maintain a steady exchange rate
- Plans to cut government expenditure and lower domestic borrowing
- Public input will help shape final budget policies
Finance Minister Dr. Cassiel Ato Forson has underscored the critical role of the 2025 Budget and Policy Statement in reviving Ghana’s struggling economy.
Speaking during a youth engagement session on X Spaces, hosted by influencer KalyJay, Dr. Forson acknowledged the nation’s ongoing financial difficulties, stressing that economic stability remains a top priority.
“Let’s not deceive ourselves that the country is out of the woods yet. Our economy is still in distress, and the first step is to implement measures that restore stability,” he stated.
He outlined the new administration’s commitment to stabilizing the economy by controlling inflation, maintaining a steady exchange rate, and fostering a predictable financial environment.
Dr. Forson also highlighted plans to reduce domestic borrowing, allowing more financial resources to flow into the private sector to spur business growth and economic expansion.
“The government must cut expenditure and curb its appetite for borrowing. This will free up resources for the private sector,” he emphasized.
Following his recent interactions with traders in Accra’s Central Business District, he assured the public—especially the youth—that their input would shape policy decisions. He dismissed claims that these engagements were merely symbolic ahead of the final budget presentation on March 11.
“I do not take Ghanaians for granted. I am here to listen, not for show—ignore the propaganda,” he affirmed.
