Dr. Cassiel Ato Forson, Ghana’s Finance Minister-designate, has categorically denied claims that he intends to seek additional financial support from the International Monetary Fund (IMF). Apexnewsgh reports
Speaking at his vetting by the Appointments Committee of Parliament on Monday, January 13, 2025, Dr. Forson clarified that his earlier statements on the matter had been misconstrued by sections of the media.
Dr. Forson emphasized that his remarks were speculative and not indicative of any immediate action. He stressed the importance of preserving flexibility in Ghana’s economic strategy while reassuring Ghanaians that any decision to approach the IMF for additional funds would be based solely on necessity.
Dr. Forson also urged the media to exercise greater caution in reporting economic issues, citing the potential for misrepresentation to create unwarranted public panic. He referenced the popular Ghanaian phrase “Sika mpɛ dede,” meaning “money dislikes noise,” as he refrained from speculating about the true state of the economy.
As part of his medium-term economic vision, Dr. Forson revealed plans to increase Ghana’s tax revenue from the current 13.8% to 16–18% of GDP, should his nomination as Finance Minister be approved. He argued that such an increase would be pivotal in ensuring Ghana’s fiscal sustainability without resorting to excessive borrowing.
Source: Apexnewsgh.com
