Finance Minister Dr. Cassiel Ato Forson has stated that Ghana’s economy is showing strong signs of recovery, marking significant progress in the first half of 2025.
Presenting the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, Dr. Forson described the recent developments as a strong signal of the country’s economic rebound.
He attributed the progress to a combination of prudent fiscal management, sound monetary policy, structural reforms, and strategic investments.
“Mr. Speaker, the first half of 2025 has demonstrated our government’s commitment to economic recovery. Through prudent fiscal management, sound monetary policy, effective structural reforms and strategic investments, we are laying a solid foundation for sustainable growth and shared prosperity,” Dr. Forson said.
He further outlined the government’s macroeconomic targets for 2025, emphasizing their importance in assessing the country’s performance.
Dr. Forson stated, “To put the assessment of the economy in the first half of 2025 in a proper perspective, it will be useful to restate the ambitious, yet attainable, macroeconomic targets we set for ourselves:
• Overall Real GDP growth of at least 4.0%;
• Non-Oil Real GDP growth of at least 4.8%;
• End-year inflation rate of 11.9%;
• Primary balance on commitment basis at a surplus of 1.5% of GDP; and
• Gross International Reserves covering not less than three months of imports.”
Meanwhile, the Minority caucus was absent from the chamber, having staged a walkout ahead of the presentation in protest over alleged violence during the recent Ablekuma North by-election.
Source: Starrfm.com.gh
