Finance Minister Dr. Cassiel Ato Forson has cautioned that Ghana’s economy remains in distress despite recent efforts to improve the situation.
Speaking during an engagement on X (formerly Twitter), he emphasized the need for urgent stabilization measures.
“Let’s not deceive ourselves that the country is out of the woods yet. Our economy is still in distress, and the first thing we will need to do is to take measures to bring us back to the stability that we deserve,” Dr. Forson stated.
He outlined a strategy for economic recovery, highlighting the need for a stable exchange rate, inflation control, and overall economic stability.
To achieve this, Dr. Forson stressed the importance of reducing government expenditure and curbing borrowing.
“It is very critical for the government to cut expenditure and reduce its appetite for borrowing. In doing so, there will be a lot more resources for the private sector to benefit from,” he noted.
The minister’s remarks come amid growing concerns over Ghana’s economic performance and the challenges facing both businesses and citizens.
