Friday, 17 April

Finance Minister highlights economic gains and reform agenda at meeting with international investors

Business
Finance Miniter interacting some investors

The Minister for Finance, Dr. Cassiel Ato Forson, has concluded an engagement with international investors focused on Ghana’s economic outlook and ongoing reform programme.

Dr. Forson told investors that the recent improvements in the economy are the result of deliberate and structured reforms embedded in law, supported by strict fiscal discipline rather than short-term measures.

He outlined a series of policy actions undertaken by government, including the reduction in the size of government, enforcement of mandatory commitment controls, and amendments to the Public Financial Management (PFM) Act introducing new fiscal rules.

He also cited the establishment of the Fiscal Council and the Office of Value for Money to strengthen oversight and curb public sector inefficiencies.

According to him, government has also uncapped statutory funds to better align public spending with national priorities, while reforming petroleum revenue and mining royalty frameworks to support infrastructure development.

Additional reforms have been implemented across tax administration, VAT, customs, payroll, energy, and the cocoa sector.

Dr. Forson said these interventions are already yielding positive outcomes, noting that economic growth has exceeded expectations, inflation is declining, the cedi has stabilised, and Ghana’s external position has strengthened.

He added that reserve accumulation is ahead of programme targets, while improved investor confidence has contributed to declining yields.

He further indicated that investors at the meeting expressed strong support for Ghana’s economic reset agenda and acknowledged progress in restoring macroeconomic stability and credibility.

 

The Finance Minister reaffirmed government’s commitment to consolidating the gains, deepening reforms, and building a more resilient and inclusive economy aimed at long-term growth.

Source: Classfmonline.com/Cecil MENSAH