Finance Minister. Dr. Ato Forson, has described the Mahama Administration’s economic agenda as more than mere stabilization, saying the government is actively rebuilding the nation after inheriting a deeply distressed economy.
Presenting the 2026 Budget Statement in Parliament on Thursday, November 13, 2025, Dr. Forson detailed the challenges faced when the administration assumed office on January 7, 2025, including high debt service, fiscal recklessness, soaring inflation, a fast-depreciating cedi, low investor confidence, dwindling foreign direct investment, endemic corruption, energy insecurity, high unemployment, and severe hardships for Ghanaian households.
“Ghana was indeed at the bottom of the abyss, a nation in distress with its economy bleeding and its people weary,” he told Parliament.
Dr. Forson highlighted that through decisive leadership, bold reforms, and the resilience of the Ghanaian people, the country has made substantial progress in less than a year. Key achievements include strong economic growth, falling inflation, a stronger cedi, improved external buffers, restored fiscal discipline, deep fiscal reforms, independent fiscal oversight, lower borrowing costs, significant debt reduction, restored investor confidence, expanded social protection, improved debt management, and massive infrastructure development.
He noted that Ghanaians and businesses had made sacrifices to support the recovery, resulting in stronger purchasing power, reduced prices, and emerging opportunities across agriculture, industry, and technology.
“The story of Ghana is no longer one of crisis but of recovery and renewal. The reforms we have undertaken are not quick fixes; they are the foundations of a resilient, competitive, and inclusive economy,” Dr. Forson said.
He reassured citizens that the administration remains committed to fiscal discipline, social equity, and sustainable growth, pledging to consolidate stability and ensure no Ghanaian is left behind.
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“This Budget is more than numbers; it is a message of hope. It tells every Ghanaian child, farmer, teacher, trader, and entrepreneur that their sacrifices matter, that Ghana’s recovery is real, and that their government is working tirelessly to build a fair, prosperous, and self-reliant nation,” he added.
Dr. Forson concluded that under the visionary leadership of President Mahama, Ghana is building “The Ghana We Want,” a nation that works for all, thrives in peace, and stands tall as a beacon of Africa’s renewal.
Source: Starrfm.com.gh
