Ghana on Path to Debt Sustainability as Focus Shifts to Growth
Minister for Finance, Dr Cassiel Ato Forson, has remarked that Ghana is firmly on the path to debt sustainability, marking what he describes as a critical transition from economic stabilisation to a growth-driven recovery phase.
The Finance Minister made the remarks following high-level talks with Ousmane Diagana, Regional Vice President for Western and Central Africa at the World Bank, on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C.
“Ghana has stabilised its economy and is firmly on the path to debt sustainability. We are now shifting focus from stabilisation to growth,” he stated.
The renewed engagement between Ghana and the World Bank is expected to focus on four priority sectors aimed at boosting productivity and job creation in commercial agriculture and agribusiness, energy development with emphasis on gas-to-power and gas-to-fertiliser, education and human capital development, as well as infrastructure to improve the movement of goods.
Dr Forson emphasised that government will sustain fiscal discipline while ramping up investments to support economic expansion.
“We remain committed to disciplined fiscal management while protecting vulnerable populations,” he added.
He further welcomed the World Bank’s continued support, noting that the partnership will be critical as Ghana consolidates recent macroeconomic gains and transitions towards a more resilient and inclusive growth trajectory.
