The Minister for Finance, Dr Cassiel Ato Forson, has stated that Ghana has been set on an economic recovery path and future direction after a period of economic strain.
Speaking at a meeting on Monday with officials of the World Bank in Washington, Dr Forson said the government has steered the economy toward stability and laid the foundation for sustained growth.
“The year 2025 marked a turning point for Ghana. We have moved from a difficult phase to a path of stability and recovery,” he said.
He noted that the government’s focus has been on restoring fiscal discipline and addressing debt challenges, stating that their priority has been to place the economy on a sustainable footing and that they are now seeing clear results from those efforts.
Dr Forson pointed to a sharp decline in inflation, improved currency performance, and continued investment in social programmes as evidence of progress, adding that inflation has dropped considerably, stabilised currency, and support for social interventions to protect the most vulnerable has been maintained.
The minister outlined Ghana’s next phase, focused on agriculture, energy, education, and infrastructure as the country moves to consolidate gains and accelerate inclusive growth, with continued backing from the World Bank.
The Regional Practice Director for Prosperity (Macroeconomics, Trade and Investment), Seynabou Sakho, described the Minister’s fiscal reforms as exemplary, noting that his work on restructuring has gained recognition beyond Ghana.
The Regional Practice Director for People (Education, Health and Social Protection), Trina Hague, also acknowledged Ghana’s resilience and the government’s commitment to protecting vulnerable populations despite external pressures.
Joyce Adwoa Animia Ocran, ISD
