Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has emphasized the crucial role the 2025 Budget and Policy Statement will play in stabilizing the country’s struggling economy. Apexnewsgh reports
Speaking during a youth engagement session on X Spaces, hosted by social media influencer KalyJay, Dr. Forson acknowledged that Ghana’s financial situation remains fragile, despite recent efforts.
“We’re not out of the woods yet,” Dr. Forson cautioned. “Our economy is still in distress, and we need to take measures to restore stability.” He outlined the government’s commitment to implementing policies aimed at fostering economic stability, including efforts to control inflation, maintain a stable exchange rate, and create a predictable economic environment.
To achieve this, the government plans to reduce domestic borrowing, making more financial resources available to the private sector. Dr. Forson stressed the importance of curbing government expenditure to facilitate business growth and economic expansion. “It’s critical for the government to cut expenditure and reduce its appetite for borrowing,” he said.
Dr. Forson also assured the public, particularly the youth, that their input would be taken into account in shaping government policies. He dismissed suggestions that such engagements were merely symbolic, saying,
“I don’t take the people of Ghana for granted. I’m here to hear your take.” The 2025 Budget is scheduled to be presented on March 11.
Source: Apexnewsgh.com
