Finance Minister Dr Cassiel Ato Forson has declared that Ghana has restored economic stability and rebuilt economic confidence in less than two years, citing improvements in inflation, economic growth, public debt and international reserves.
He said the gains followed difficult decisions taken by the government to address weaknesses in public finances, control wasteful expenditure and stabilise the economy.
Delivering the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026, Dr Forson said the government had inherited an economy characterised by rising prices, declining value of household savings, high borrowing costs and currency uncertainty.
He noted that these challenges had placed considerable pressure on households, pensioners and businesses, prompting demands for responsible leadership and competent economic management.
According to the Finance Minister, the government’s efforts to address the situation had begun yielding results.
“Today, our public finances are stronger: inflation has fallen; growth has recovered; our debt burden has declined; and our reserves have improved,” he told Parliament.
“In less than two years, Ghana has restored stability and rebuilt confidence,” he added.
Dr Forson acknowledged the sacrifices Ghanaians had made during the process, saying the economic gains belonged to the people and must translate into lasting improvements in their lives.
He said the next phase of the government’s economic agenda would focus on ensuring that workers experienced improvements in their purchasing power, businesses gained the confidence to invest and create jobs, and young people had opportunities to turn their education and skills into decent livelihoods.
“Their sacrifices must now yield lasting improvements in their lives,” he said.
The Finance Minister stressed that the government intended to move beyond economic stabilisation towards building an economy that produces more, retains greater value locally and creates productive employment.
He said the fiscal space recovered through the government’s efforts would provide the resources needed to invest in the country’s future and make long-term economic decisions.
However, Dr Forson cautioned against allowing the improved fiscal position to lead to wasteful spending and unsustainable financial commitments.
“We will not allow it to become a pathway back to waste, unsustainable obligations and economic crisis,” he said, insisting that fiscal discipline must remain a permanent obligation of government.
He added that the government’s responsibility was to use the economic gains to build a stronger economy that would create opportunities for future generations.
