Ato Forson vows fiscal discipline as he says Ghana’s recovery is taking hold

Finance Minister Cassiel Ato Forson says the government intends to guard Ghana’s economic recovery with tighter fiscal discipline and transparent support for private businesses. He made the remarks while presenting the 2027 Budget Statement to Parliament on Thursday, November 12, according to the article. Forson told lawmakers that the government would work to preserve stability and ensure that assistance to the private sector is delivered transparently. “We will protect the recovery with fiscal discipline,” he said, setting out the approach he said would help keep the country’s progress on track. The minister described Ghana as having emerged from what he called the most painful economic crisis in the country’s history. He said stability had returned and confidence was improving, adding that people were beginning to feel some relief after a difficult period. His assessment was that the economy had made significant gains, though the article does not suggest that every challenge has been resolved. Forson also acknowledged the sacrifices made by citizens during the crisis. In particular, he pointed to the severe hardships associated with the country’s debt-restructuring programme. While noting that the economy had grown, he warned that further work was needed to make that growth more resilient to future shocks. “The Ghanaian people paid heavy prices,” Forson said, according to the report, while stressing that growth alone was not enough. His budget remarks therefore paired optimism about restored stability with a caution that the country still needs stronger safeguards to withstand economic pressures. The article presents his message as a pledge to protect the recovery while recognising the cost borne by Ghanaians along the way.