Finance Minister Dr. Cassiel Ato Forson has expressed strong confidence in President John Dramani Mahama’s ability to revitalize Ghana’s economy through the 2025 budget.
He asserted that the budget will serve as a crucial instrument for stabilizing the economy and paving the way for sustainable growth.
Speaking on the 2025 Budget Statement and Economic Policy, Dr. Forson explained that under Mahama’s leadership, the budget will prioritize addressing key economic challenges, including inflation, unemployment, and the rising cost of living.
The budget aims to alleviate immediate economic hardship while focusing on long-term recovery through policies that promote job creation, boost local production, and encourage investment in critical sectors.
“Resetting” the Economy:
Dr. Forson emphasized that Mahama’s economic vision for 2025 centers on “resetting” the economy by restoring macroeconomic stability and ensuring inclusive growth across all sectors.
The strategy involves a combination of fiscal discipline, targeted interventions, and strategic investments in infrastructure, education, healthcare, and agriculture.
The government will focus on stimulating local industries and enhancing Ghana’s export capabilities by supporting small and medium-sized enterprises (SMEs), fostering a favorable environment for private sector growth, and reducing reliance on imports.
Dr. Forson believes that by building a more self-sufficient economy, Ghana will be better equipped to withstand global economic fluctuations and improve its resilience to external shocks.
