Finance Minister Dr Cassiel Ato Forson says Ghana has made significant economic gains and emerged from what he describes as the most painful economic crisis in the country’s history.

He said economic stability had returned, confidence was being restored, and Ghanaians could now “breathe again” after a difficult period.

Speaking during the presentation of the 2027 Budget Statement and Economic Policy to Parliament, Dr Ato Forson said the country had reached a critical point where decisions taken by government would determine the future of millions of Ghanaians.

He stressed that the breathing space created by the return of economic stability must be used to make decisions that would improve livelihoods and create opportunities for people across the country.

“Ghana has made significant gains and has emerged from the most painful economic crisis in our history. Stability has returned, confidence is back, and Ghanaians can breathe again,” he said.

The Finance Minister said the next phase of the country’s economic journey must focus on translating the gains into tangible improvements in the lives of citizens.

He identified young graduates seeking employment, farmers looking for reliable markets for their produce and market women whose working capital had been eroded by inflation among those whose circumstances needed to improve.

He also highlighted pensioners whose life savings, he said, had been wiped out overnight by the debt restructuring exercise, as well as entrepreneurs who had the ambition to build businesses but lacked access to affordable long-term financing.

According to him, the choices made at this stage must respond to the needs of these groups and ensure that the benefits of economic recovery extend beyond improved economic indicators.

Dr Ato Forson said the decisions would have far-reaching consequences for millions of Ghanaians, making it important for government to use the opportunity created by renewed stability to shape a more secure economic future.

He indicated that the 2027 Budget would set out the policy direction for the next phase of the country’s economic management.

Add MyJoyOnline as a preferred source on GoogleSee more of our stories when you search on Google. (opens in a new tab)

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Tags:

Ghana has regained stability, confidence and breathing space – Ato Forson

Suggested for you

More Stories

UNILORIN students protest as court bars contractor from disputed land

“Black Stars must be more clinical after Somalia victory” – Interim Coach, Kim Lars Björkegren

Ghana has overcome the worst and most painful economic crisis in its history – Finance Minister

Tinubu’s economic reforms key to sustainable security, says Dare

2027 Budget: Ato Forson pledges disciplined use of fiscal space to create jobs and boost production

2027 Budget: We&#39;ll protect the economic gains with greater fiscal discipline - Finance Minister

Discussion

2027 Budget: We'll protect the economic gains with greater fiscal discipline - Finance Minister