Finance Minister Dr. Cassiel Ato Forson has highlighted the pivotal role of the 2025 Budget and Policy Statement in restoring Ghana’s ailing economy. Addressing concerns during a virtual youth engagement session on X Spaces, hosted by social media influencer KalyJay on Sunday, March 9, Dr. Forson underscored the urgency of adopting strategic measures to stabilize the nation’s fragile financial situation.
“Let’s not deceive ourselves into thinking the crisis is over. Our economy remains under severe distress,” Dr. Forson stated candidly. “The first step is to implement policies that will bring us back to the stability we desperately need.”
Roadmap to Economic Stability
Dr. Forson laid out the government’s commitment to fostering economic resilience, focusing on controlling inflation, stabilizing the exchange rate, and creating a predictable financial environment.
“We are determined to build a framework that ensures a stable exchange rate, reduces inflation volatility, and delivers a balanced economy,” he explained.
He further emphasized the need to curb government expenditure and reduce reliance on borrowing, a move he believes will unlock resources for private-sector growth.
“The government must cut its spending and rethink its borrowing habits. By doing so, we create an environment where the private sector can thrive and drive sustainable economic growth,” he noted.
Engaging Citizens for Impactful Policies
Dr. Forson highlighted the importance of public engagement in shaping government policies, particularly with the youth. Reflecting on his recent interaction with traders in Accra’s Central Business District, he assured citizens that their feedback is valued and integral to the policy-making process.
“I do not take the people of Ghana for granted. I am here to listen and incorporate your ideas into our decisions—disregard the propaganda suggesting otherwise,” he stated firmly.
A National Priority
As Ghana eagerly anticipates the presentation of the 2025 Budget and Policy Statement on March 11, Dr. Forson expressed optimism about the nation’s potential for recovery. He reiterated the government’s resolve to implement reforms that prioritize stability, foster growth, and reduce economic vulnerabilities.
“The 2025 Budget is not just another fiscal plan; it is a blueprint for our collective recovery. Together, we can overcome these challenges and build an economy that works for all Ghanaians,” he concluded.
Dr. Forson’s remarks have set the tone for what many hope will be a decisive moment in Ghana’s journey toward economic revival.
Story by: Mercy Addai Turkson #ahotoronline.com
