Finance Minister Dr. Cassiel Ato Forson emphasizes the significance of the 2025 Budget in stabilizing Ghana’s economy during a youth engagement session. He acknowledges ongoing economic challenges, pledges policy initiatives for stability, and highlights the importance of public input in shaping government policies.
In a recent discussion, Finance Minister Dr. Cassiel Ato Forson underscored the importance of the 2025 Budget and Policy Statement in revitalizing Ghana’s economy. He communicated this message during a youth engagement session on X Spaces, facilitated by prominent social media influencer KalyJay. Dr. Forson pointed out that, despite ongoing efforts, the country’s fiscal health remains in a fragile state.
Dr. Forson cautioned against complacency regarding economic recovery, stating, “Let me make this point: let’s not deceive ourselves that the country is out of the woods yet. Our economy is still in distress…” He emphasized the need for immediate measures to restore stability in Ghana’s economic conditions. The Minister outlined the new administration’s proactive policies aimed at fostering economic stability, focusing on controlling inflation and maintaining a stable exchange rate.
Further, Dr. Forson expressed his commitment to creating a predictable economic environment. He articulated a framework designed to ensure a stable exchange rate, inflationary control, and overall economic steadiness. He remarked, “What we can do is to put together a framework where there will be a stable exchange rate, stable inflation, and a stable economy.”
Additionally, the Minister highlighted the necessity of reducing domestic borrowing to free up financial resources for the private sector, which is critical for business growth and economic development. He noted the importance of decreased governmental expenditure, insisting, “It is very critical for the government to cut expenditure… there will be a lot more resources for the private sector to benefit from.”
Following an engagement with traders in Accra’s Central Business District, Dr. Forson assured the youth and the public that their insights would help shape government policies. He emphasized the significance of these consultations, rejecting claims that they were merely symbolic before the impending budget presentation scheduled for March 11. He addressed public skepticism by asserting, “I do not take the people of Ghana for granted… I am here because I want to hear your take—ignore the propaganda out there.”
In summary, Finance Minister Dr. Cassiel Ato Forson has articulated the critical role of the 2025 Budget in addressing Ghana’s economic challenges. His commitment to creating a stable economic framework and reducing government borrowing aims to empower the private sector. Furthermore, ongoing public consultations are designed to ensure that citizens’ voices influence policy decisions, reinforcing the government’s accountability and responsiveness to the needs of its populace.
Original Source: citinewsroom.com
