Ato Forson says Ghana on track for debt sustainability as focus shifts to growth
Cassiel Ato Forson stated that Ghana is making steady progress towards achieving debt sustainability, describing the development as a significant milestone in its economic recovery. According to Dr. Forson, Ghana is now transitioning from a period of economic stabilisation to a phase centred on growth and expansion. He said, "Ghana has stabilised its economy and is firmly on the path to debt sustainability. We are now shifting focus from stabilisation to growth."
Dr. Forson made the remarks following high-level discussions with Ousmane Diagana, Regional Vice President for Western and Central Africa at the World Bank. The meeting took place on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C., signalling renewed confidence in Ghana's economic direction among international partners. The renewed collaboration is expected to prioritise four key areas aimed at boosting productivity and job creation.
These include commercial agriculture and agribusiness, energy development - particularly gas-to-power and gas-to-fertiliser initiatives - education and human capital development, and infrastructure to improve the movement of goods. Dr. Forson emphasised that the government remains committed to maintaining fiscal discipline while pursuing growth-oriented investments. He added, "We will continue to uphold prudent fiscal management while safeguarding vulnerable groups." The partnership with the World Bank will play a vital role as Ghana consolidates its recent economic gains and advances towards a more resilient and inclusive growth trajectory.
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Finance Minister Ato Forson met with World Bank representatives to discuss Ghana's economic progress. The focus is now shifting towards growth and expansion- but what key areas will be prioritized?
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