Finance Minister Dr. Cassiel Ato Forson told Parliament that Ghana's economic recovery has been driven by deliberate reforms implemented since January 2025, including fiscal correction, tax modernisation, and complementary fiscal policies. The reforms have yielded a 5.5% reduction in primary expenditure, a 2.5% primary balance surplus, a debt-to-GDP ratio of 4.45%, inflation stabilized at 5.4%, and GDP growth of 6.0% in 2025.
23 July 2026 · Daily Guide →
Majority Leader Mahama Ayariga commended Finance Minister Dr Cassiel Ato Forson's 2026 Mid-Year Budget Review, saying it demonstrates the economy is recovering and assuring parliamentary support for related legislative measures. Dr Forson stated that improved investor confidence has led international capital markets to show renewed interest in Ghana, though government is not rushing to borrow.
23 July 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson presented the 2026 Mid-Year Budget Review to Parliament, highlighting improved macroeconomic indicators including Ghana cedi stabilisation and a policy rate fall to 14 per cent. He attributed the economic recovery to deliberate government policy decisions and said lower interest rates will help businesses expand and create jobs.
23 July 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson says the Ghana Gold Board generated an additional $15 billion in foreign exchange inflows to strengthen Ghana's reserves and support exchange rate stability. He told Parliament the policy improved Ghana's current account balance from a surplus of 1.9% in 2024 to 8.3% in 2025.
23 July 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson said President Mahama's administration cut the number of ministers from 123 under the previous government to 60, and reduced ministries from 30 to 23, as part of efforts to strengthen fiscal discipline and improve efficiency of government.
23 July 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson told Parliament that Ghana's improving economic performance results from the Mahama administration's deliberate policy decisions and structural reforms since January 2025, rather than external support or previous programmes. He said the government took difficult measures to stabilise the economy and restore confidence after inheriting an economy requiring more than minor adjustments.
23 July 2026 · Joy Online →