Ghana’s Finance Minister, Dr. Ato Forson has concluded engagements with International Investors on Ghana’s reform program in the US.
Finance Minister Ato Forson-Right with investors in US.He emphasized on the gains in Ghana’ economic outlook saying, ”that the gains we are seeing are not cosmetic—they are the result of deliberate, well-sequenced reforms engraved in law, underpinned by strong policy discipline”.
He said Ghana has taken vey pragmatic decisions on the economy.
”We have taken difficult but necessary decisions: reducing the size of government, enforcing mandatory commitment controls, amending the PFM Act with new fiscal rules, and establishing the Fiscal Council and the Office of Value for Money to strengthen oversight and eliminate waste”.
He said, Ghana has also ”uncapped statutory funds to better align spending with national priorities, reformed petroleum revenue and mining royalties to support infrastructure, and advanced reforms in tax administration, VAT, customs, payroll, energy, and the cocoa sector”.
He explained that these efforts are yielding results. Growth has exceeded expectations, inflation is declining, the cedi has stabilised, ”our external position has strengthened, and reserve accumulation is ahead of programme targets. Yields have declined, and investor confidence is returning”, he noted.
The Finance Minster expressed optimism about all his engagements.
”One after the other, investors expressed strong admiration for our reset agenda and the progress made in restoring stability and credibility”, Dr. Ato Forson said Ghana economy is back on track and the government is committed to keeping it on track.
”We remain focused on consolidating these gains, deepening reforms, and building a more resilient, inclusive, and growth-oriented economy”.
