Finance Minister Dr. Cassiel Ato Forson says 2025 will be remembered as a defining year in Ghana’s economic recovery, describing it as a period in which the Mahama administration reversed deep fiscal challenges and restored macroeconomic stability.
In a social media post on Saturday, Dr. Forson outlined what he described as the key macroeconomic achievements of the government during the year, noting that the administration inherited an economy under severe strain.
According to the Finance Minister, the government took office amid high inflation, rising debt levels, weak foreign exchange reserves, and the absence of fiscal buffers.
“We inherited deep fiscal stress, high inflation, rising debt, and non-existent buffers, and we chose to act,” he stated.
Dr. Forson explained that through bold reforms and disciplined economic management, the government was able to stabilise the economy, rebuild confidence, and set the country on a path of renewed growth.
He noted that several key indicators recorded significant improvements over the year, including sharp declines in inflation and interest rates, a reduction in public debt, strengthened foreign reserves, and an appreciation of the cedi.
“Through bold reforms and disciplined management, we stabilised the economy, restored confidence, and reignited growth,” he added.
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Source: www.myjoyonline.com