Invest with confidence, Ghana’s golden era is beginning – Finance Minister

Finance Minister Dr Cassiel Ato Forson has encouraged businesses to invest with confidence, confident that the government will maintain the recent progress in stabilizing Ghana's economy. During a gathering with the Association of Ghana Industries and influential business leaders, Dr Forson revealed that the government's new economic transformation plan would be unveiled in the 2027 Budget.

He assured investors that "the golden era for Ghana is beginning" and that the new blueprint, which will follow immediately after the Budget announcement, would take the country from stability to transformation.

The Finance Minister highlighted the significant enhancements in Ghana's macroeconomic environment and pledged to safeguard and further bolster these improvements. He acknowledged President John Dramani Mahama's pledge to allocate US$10 billion over the next four years to key sectors, emphasizing the government's commitment to boosting production, adding value, and generating more employment opportunities for Ghanaians.

Dr Forson pointed out that addressing the country's fundamental challenges is crucial for sustainable growth.

In addition, the Finance Minister expressed the government's intention to lower the cost of capital and further reduce it to encourage business expansion and investments. He urged the industry to assist in domestic revenue mobilization, urging them to reduce the government's dependence on excessive borrowing. Dr Forson cautioned that the country should not repeat the excessive borrowing mistakes observed in 2022, as this could hinder the country's economic progress.