Ghana’s Finance Minister, Dr. Cassiel Ato Forson, says the country’s economy is bouncing back strongly, thanks to disciplined reforms and strategic investments. Presenting the 2025 Mid-Year Budget Review to Parliament, he highlighted a 5.3% GDP growth in Q1 and a drop in inflation from 23.8% to 13.7%.
The Cedi also appreciated by over 42% against the dollar, while public debt declined by GH¢113.7 billion. A primary surplus of 1.1% of GDP was recorded—proof, the minister said, of renewed fiscal discipline and recovery momentum.
The government announced key reforms, including the launch of a Sinking Fund, a payroll audit uncovering 67,000 irregular entries, and a VAT reform bill expected in October. Infrastructure, the minister added, remains a top development priority.
Despite the progress, Dr. Forson cautioned that challenges remain—especially in the energy sector and amid global uncertainties. He reaffirmed the government’s commitment to sustaining reforms and keeping the economy on a steady growth path.
