Economic Crisis Behind Us, Ghana Now on Firmer Ground - Ato Forson
Dr. Cassiel Ato Forson, the Finance Minister, presented the 2026 Mid-Year Fiscal Policy Review in Parliament, stating the government's confidence in the economy was based on "sound policy, evidence, measurable performance and credible data." He attributed recent improvements in Ghana's macroeconomic conditions to sound economic policies, pointing to declining inflation, improved investor confidence, and a more stable monetary environment. The economy, hit by severe instability in 2022, entered a recovery phase after one-and-a-half years of policy interventions.
The administration inherited an economy with inflation exceeding 50%, currency depreciation, rising interest rates, depleted foreign reserves, and loss of access to international capital markets. The government is maintaining its 2026 macroeconomic targets, including reducing inflation to 8%, with a margin of plus or minus two percentage points, achieving real GDP growth of at least 4.8%, and building international reserves sufficient to cover not less than three months of imports. These comments follow recent monetary policy measures by the Bank of Ghana.
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Ghana's Finance Minister, Dr. Cassiel Ato Forson, has declared the nation's economy is on firmer ground after a period of instability. His remarks
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