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Finance Minister Warns of Severe Fiscal Challenges, Calls for Urgent Action
Minister for Finance, Dr. Cassiel Ato Forson, has cautioned that Ghana is facing serious fiscal challenges, stressing the need for urgent and decisive action to restore economic stability.
Speaking at the opening session of the National Economic Dialogue on Monday, March 3, Dr. Forson underscored the country’s fragile economic state, citing high debt levels, revenue shortfalls, and rising expenditure as key concerns.
“The government’s ability to meet its financial obligations remains under strain. We face serious fiscal challenges that demand bold and strategic decisions. We must ensure fiscal discipline and implement reforms that will restore confidence in our economy,” he stated.
Dr. Forson emphasized the importance of the National Economic Dialogue in shaping sustainable financial solutions, describing it as a crucial platform for assessing Ghana’s economic trajectory and preventing future crises.
“This dialogue is a critical step in assessing our economic situation and finding practical solutions to move our country forward,” he added.
He assured Ghanaians of the government’s commitment to implementing reforms aimed at stabilizing the economy and promoting long-term growth.
He also urged stakeholders to actively contribute to the discussions, stating that their input would be instrumental in shaping policies to address the country’s fiscal difficulties.
