Ghana’s Finance Minister-designate, Dr. Cassiel Ato Forson, has pledged to reduce the country’s inflation rate to single digits through robust fiscal measures. Apexnewsgh reports
Speaking during his vetting on January 13, Dr. Forson outlined a series of proposals aimed at stabilizing the economy, including cutting unnecessary spending and reducing the country’s reliance on borrowing.
Dr. Forson’s key priority is to bring inflation down to a target range of 8%. He believes that by introducing strong measures, particularly from the expenditure side, Ghana can achieve this goal and reopen the domestic bond market. This move would help the country move away from its over-reliance on the treasury bill market.
To restore confidence in the economy, Dr. Forson promised to implement fiscal discipline. He emphasized the need to cut wasteful spending within the government, stating that it’s time to “cut the waste” and live within the country’s means.
Dr. Forson’s proposals are aimed at promoting economic stability and growth. By reducing inflation and cutting unnecessary spending, Ghana can create a more favorable business environment and improve the lives of its citizens. With Dr. Forson at the helm of the Finance Ministry, Ghanaians can expect a renewed focus on fiscal discipline and economic stability.
Source; Apexnewsgh.com
