Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has reassured citizens that the upcoming 2025 Budget and Policy Statement will prioritize economic stability.
Speaking during a youth engagement session on X Spaces, hosted by social media influencer KalyJay, Dr. Forson emphasized, “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.”
Dr. Forson outlined his administration’s strategy for achieving economic stability, highlighting the importance of controlling inflation, maintaining a stable exchange rate, and creating a 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 explained.
To drive business growth and economic expansion, the government plans to reduce domestic borrowing, freeing up more resources for the private sector.
“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 stressed.
The Finance Minister has been engaging with various stakeholders, including traders and youth, to inform government policies.
During his recent engagement with traders at Accra’s Central Business District, and the youth engagement session on X Spaces, Dr. Forson assured that these consultations are not merely symbolic, but will genuinely influence the final budget presentation.
“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.
The 2025 Budget and Policy Statement is expected to address pressing economic concerns, including job creation, inflation reduction, and debt management.
As Ghana navigates its economic challenges, Dr. Forson’s commitment to transparency and stakeholder engagement has been widely welcomed.