Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has assured international investors that the country’s economic recovery is genuine and anchored in deep structural reforms. Addressing investors at the IMF/World Bank Spring Meetings in Washington, Dr. Forson emphasized that Ghana’s economic gains are the result of carefully designed policy interventions and legislative reform
According to #GhanaNews, Dr. Forson outlined a broad suite of fiscal and structural reforms undertaken to stabilize the economy and restore investor confidence. These efforts include aggressive waste cutting, reduction in government size, and enforcement of a mandatory commitment authorization regime to strengthen expenditure control
The Finance Minister highlighted improvements in Ghana’s macroeconomic fundamentals, including growth exceeding expectations, driven by strong performance in services and agriculture, and declining inflation. Ghana’s external position has also strengthened significantly, underpinned by robust gold and cocoa exports, alongside improved international reserve accumulatio
“These reforms have translated into tangible market outcomes,” Dr. Forson said, citing a sharp decline in domestic and Eurobond yields, as well as recent sovereign rating upgrades, reflecting renewed investor confidence. Moody’s has revised Ghana’s outlook to ‘positive’ on improvement in domestic financing
Investors at the meeting expressed strong admiration for Ghana’s reset agenda, commending the depth of reforms and tangible progress achieved in stabilizing the economy and restoring credibility. Dr. Forson assured investors that the government remains committed to sustaining the recovery by deepening structural reforms, maintaining fiscal discipline, and prioritizing productive investment
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Source: Stella Sun
