Recovery is not enough, ‘New Economy’ will turn stability into jobs and higher incomes — Ato Forson
According to him, the ‘New Economy’ would turn the sacrifices made to restore stability into tangible benefits for the Ghanaian people.
Finance Minister Dr Cassiel Ato Forson is urging Ghana's economic recovery to move beyond mere stabilization and transform into a 'New Economy' that creates jobs, raises incomes, and strengthens the country's productive economy. Stabilization is simply a necessary step on the path to a more prosperous future, he stressed during a recent engagement at the University of Ghana with faculty and students.
Forson acknowledged the progress Ghana has made in restoring economic confidence, with inflation declining, investor confidence returning, and debt pressures being managed. However, he emphasized that these achievements alone are not sufficient. "Recovery is not enough," he affirmed. The true objective of the government's reforms is to build upon these gains by expanding production, attracting foreign investment, and creating decent job opportunities that improve the livelihoods of ordinary Ghanaians.
Dr Forson painted a vision of a Ghana that produces more of what it consumes, adds value to its agricultural and mineral resources, and generates scaleable job opportunities. Public investment is to be directed towards private enterprise, unlocking new avenues for businesses to invest, expand operations, and hire more Ghanaians. The ultimate goal is to ensure that the benefits of economic recovery are widely shared among the very people who made the stabilization possible.
In essence, the 'New Economy' is about turning the sacrifices made during the stabilization period into tangible, lasting advantages for the Ghanaian people, as envisioned by Finance Minister Ato Forson.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
