Dr. Cassiel Ato Forson, Ghana’s Finance Minister-designate, has vowed to stabilize the cedi through effective coordination with the Bank of Ghana. Apexnewsgh reports
He emphasized the need for a joint effort to anchor the currency, acknowledging the significant impact of depreciation on Ghana’s debt.
“As long as we borrow in foreign currencies, any depreciation of the cedi will directly impact our debt figures,” Dr. Forson explained. To address this, he pledged to work closely with the central bank to stabilize the currency and prevent unnecessary economic shocks.
Dr. Forson also criticized the previous government’s approach to debt reporting, highlighting the need for an independent Debt Management Office to ensure transparency and avoid future inconsistencies. Additionally, he expressed his commitment to maintaining and enhancing the Free Senior High School (SHS) policy, which was originally introduced by the Akufo-Addo administration.
“My party’s position on Free SHS has been well articulated by President John Dramani Mahama,” Dr. Forson said. “We do not intend to cancel the Free SHS. President Mahama has said the Free SHS has come to stay.” With Dr. Forson at the helm of the Finance Ministry, Ghanaians can expect a renewed focus on economic stability and growth.
Source: Apexnewsgh.com
