Story by Moses Anaba
Finance Minister Dr. Cassiel Ato Forson has attributed Ghana’s ongoing economic recovery to what he described as superior economic management, stating that the country’s improved economic performance is the result of deliberate reforms, fiscal discipline, and effective leadership.
Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr. Forson said the government’s economic recovery programme, introduced after President John Dramani Mahama assumed office in January 2025, has restored confidence in the economy and significantly improved key macroeconomic indicators.
According to the Finance Minister, the recovery is not the result of chance but the outcome of prudent policy decisions, disciplined implementation, and strong political commitment.
“Our recovery is as a result of superior economic management,” Dr. Forson told Parliament.
He explained that while Ghana’s debt restructuring and the International Monetary Fund (IMF) programme have provided support, they are not the primary reasons for the country’s economic turnaround.
“Debt restructuring may create fiscal space, but it does not create fiscal discipline,” he said, adding that an IMF programme provides a framework but cannot replace sound policies, disciplined execution, and political will.
Dr. Forson stressed that sustainable economic recovery is built on good policy choices, competent economic management, disciplined execution, and courageous leadership.
He outlined several reforms implemented by the government since January 2025, including:
Strengthening public financial management, restoring fiscal credibility, improving domestic revenue mobilization, reducing fiscal risks, and reinforcing macroeconomic stability.
According to the Finance Minister, these reforms have produced measurable results, with every major macroeconomic indicator showing significant improvement.
“The results speak for themselves. Every major macroeconomic indicator has improved significantly,” he stated, noting that the gains achieved are the product of reform, discipline, and sound economic management.
Dr. Forson also revealed that Ghana’s economic recovery is anchored on three key transformational policy pillars, which continue to guide the government’s efforts to sustain growth, create jobs, support businesses, reduce inflation, maintain exchange rate stability, and improve the living standards of Ghanaians.
He reaffirmed the government’s commitment to maintaining fiscal discipline while making strategic investments in priority sectors to ensure inclusive and sustainable economic growth.
The remarks were made during the presentation of the 2026 Mid-Year Budget Review, where the Finance Minister outlined the country’s economic performance during the first half of the year and highlighted the government’s fiscal outlook and policy priorities for the remainder of 2026.
Bolga FM/102.7MHz/Moses Anaba/Bolgatanga
