Dr Ato Forson Declares 2025 Ghana's Economic Turning Point

Finance Minister Dr. Cassiel Ato Forson has described 2025 as a defining year in Ghana’s economic recovery, citing the Mahama administration’s efforts in reversing deep fiscal challenges and restoring macroeconomic stability.

In a social media post on Saturday, Dr. Forson outlined the key macroeconomic achievements of the government during the year, noting that the administration inherited an economy under severe strain.

According to the Finance Minister, the government took office amid high inflation, rising debt levels, weak foreign exchange reserves, and the absence of fiscal buffers.

"We inherited deep fiscal stress, high inflation, rising debt, and non-existent buffers, and we chose to act," he stated.

Dr. Forson explained that through bold reforms and disciplined economic management, the government was able to stabilise the economy, rebuild confidence, and set the country on a path of renewed growth.

He noted that several key indicators recorded significant improvements over the year, including sharp declines in inflation and interest rates, a reduction in public debt, strengthened foreign reserves, and an appreciation of the cedi.

"Through bold reforms and disciplined management, we stabilised the economy, restored confidence, and reignited growth," he added.

Image Source: MYJOYONLINE