Finance Minister Dr Cassiel Ato Forson has pledged that the government will maintain fiscal discipline and avoid a return to wasteful spending, unsustainable financial commitments and economic crisis.
He said the government would not squander the fiscal space recovered through its economic management efforts, insisting that responsible management of public finances must remain a permanent obligation.
Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026, Dr Forson said the economic gains recorded by the country had been achieved through difficult decisions and sacrifices by Ghanaians.
He noted that the government had confronted disorder in the public finances, restrained wasteful spending and taken difficult decisions, with the country’s public finances now stronger.
According to him, inflation has fallen, economic growth has recovered, the country’s debt burden has declined and international reserves have improved.
However, the Finance Minister cautioned that the government must protect these gains and ensure that the fiscal space created through economic stabilisation is not misused.
“We will not allow it to become a pathway back to waste, unsustainable obligations and economic crisis,” he told Parliament.
Dr Forson described fiscal discipline as a permanent obligation of government, stressing that the resources recovered through economic reforms must be managed responsibly.
“Fiscal discipline must endure as a permanent obligation of government,” he stated.
He further described the recovered fiscal space as a national asset secured through the sacrifices of Ghanaians, which the government holds in trust.
“Every decision to use it must respect the hardship through which it was secured,” he said.
The Finance Minister argued that the improved fiscal position should provide the government with the capacity to invest in Ghana’s future and make long-term decisions that serve the country’s development interests.
He said the next phase of the government’s economic reset would focus on building an economy that produces more, retains greater value locally and creates productive jobs.
Dr Forson said the ultimate measure of the economic recovery would be whether workers experienced improvements in their purchasing power, businesses gained confidence to invest and employ, and young people had opportunities to turn their education and skills into decent livelihoods.
He urged that the sacrifices made by Ghanaians during the period of economic difficulties should translate into lasting improvements in their lives and opportunities for future generations.
