We’re Not Out of the Woods Yet – Finance Minister Cautions Amid Economic Recovery Hopes
Finance Minister, Dr Cassiel Ato-Forson, has cautioned against declaring premature victory in Ghana’s economic recovery efforts, noting that while progress has been made, the country is “not out of the woods yet.”
Delivering the 2025 Mid-Year Budget Review in Parliament, Dr Ato-Forson stated, “The good news is today, hope is in sight and we are determined to navigate the country out of the terrible storm we inherited.”
He commended the Ghanaian people for their resilience and sacrifice, asserting that the modest gains recorded so far reflect “your patience and our belief that change was not only necessary, but crucial.”
“This Mid-Year Review is not just a technical report. It is the story of the Ghanaian people – a story of a nation that refused to give up,” he stressed.
Dr Ato-Forson assured the public of President John Mahama’s continued commitment to delivering on his promises, stating, “President Mahama is focused, and he will deliver. He is honouring his promises to the Ghanaian people.”
Looking ahead, the Finance Minister expressed optimism about macroeconomic trends in the second half of the year, projecting a continued decline in inflation, enhanced exchange rate stability, and overall improvement in key economic indicators.
“We expect inflation to continue its downward trend and reach our 2025 target ahead of schedule,” he said, adding that the government remains committed to disciplined fiscal management, targeted investments, and sustained reserve accumulation to support the cedi.
Dr Ato-Forson also pointed to ongoing flagship initiatives as growth enablers, including the 24-Hour Economy programme, the Big Push infrastructure agenda, and the revitalisation of agriculture through the Agriculture for Economic Transformation Programme.
“These strategic initiatives will further boost growth and anchor our recovery efforts,” he concluded.
