Finance Minister Dr. Cassiel Ato Forson has underscored the 2025 Budget and Policy Statement as a crucial tool in stabilizing Ghana’s struggling economy, reaffirming the government’s commitment to economic recovery and sustainable growth.
Speaking during a youth engagement session on X Spaces, hosted by social media influencer KalyJay, Dr. Forson acknowledged the ongoing economic challenges despite recent recovery efforts.
“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 emphasized that the 2025 budget will prioritize economic stability by ensuring a stable exchange rate, controlled inflation, and a predictable financial environment.
As part of the government’s strategy, reducing domestic borrowing will be key to creating more opportunities for the private sector, allowing businesses to access essential financial resources for growth and 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,” Dr. Forson noted.
Following recent engagements with traders at Accra’s Central Business District, he reassured Ghanaians—particularly the youth—that these consultations would directly influence government policies, dismissing claims that such interactions were merely symbolic.
“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.
With the budget presentation set for March 11, 2025, Dr. Forson reiterated the administration’s dedication to policies that will foster economic stability, control inflation, and support long-term national development.