|
Getting your Trinity Audio player ready...
|
The Finance Minister, Dr. Cassiel Ato Forson, has outlined the critical steps the Mahama administration has taken to stabilise Ghana’s economy, describing them as difficult but necessary decisions. Speaking during an engagement with international investors on Ghana’s economic outlook and reform programme on Thursday, 16th April 2026, Dr. Forson highlighted several key reforms implemented by the government.
These include reducing the size of government, enforcing mandatory commitment controls, amending the Public Financial Management (PFM) Act with new fiscal rules, and establishing the Fiscal Council and the Office of Value for Money to enhance oversight and curb waste. The government has also taken steps to better align spending with national priorities by uncapping statutory funds, reformed petroleum revenue and mining royalties for infrastructure development, and advanced reforms in tax administration, VAT, customs, payroll, energy, and the cocoa sector.
Dr. Forson emphasised that these reforms are not mere cosmetic changes but are grounded in law and backed by strong policy discipline. He noted that the results are already visible: economic growth has surpassed expectations, inflation is on the decline, the cedi has stabilised, Ghana’s external position has strengthened, and reserve accumulation is on track.
The Finance Minister also pointed out that investors have shown strong confidence in the government’s reset agenda, with many expressing admiration for the progress made in restoring stability and credibility to the economy. He assured that the government remains committed to consolidating these gains, deepening reforms, and building a more resilient, inclusive, and growth-oriented economy.
Story by Efua Nessa
Source:Loco tv