We’ve restored stability; now turning focus to jobs and production – Ato Forson

Finance Minister Dr. Cassiel Ato Forson stated during the presentation of the 2027 Budget Statement and Economic Policy to Parliament that Ghana has emerged from the most painful economic crisis in its history. According to Adom Online, Dr. Forson noted that economic stability has returned and confidence is improving, which provides the government with the room to make decisions regarding the country's long-term economic direction.

Starr FM reported that the recovered fiscal space is a national asset earned through public sacrifice and must be used to fund a productive “New Economy.”

Dr. Forson expressed concern that Ghana has achieved less than expected since independence and has struggled to realize the economic transformation envisioned by Dr. Kwame Nkrumah. MyJoyOnline Ghana reported that the minister identified long-standing structural weaknesses, such as a heavy dependence on raw material exports and a lack of value addition and productive jobs. He described the "new economy" as a four-year government programme beginning in 2027 intended to transform the structure of the Ghanaian economy.

While stability has returned, Dr. Forson cautioned that these gains must translate into better living conditions for citizens, Adom Online reported. He highlighted specific challenges facing unemployed graduates, farmers, market women, pensioners affected by debt restructuring, and entrepreneurs struggling to access affordable long-term financing.

Brief written by urgent.news from Starr FM, Adom Online, MyJoyOnline Ghana — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.