Finance Minister Dr. Ato Forson asserts that the 2025 Budget will be pivotal for Ghana’s economic stabilization, focusing on inflation control, stable exchange rates, and increased resources for the private sector. He engages with citizens to ensure their perspectives influence government policies and emphasizes the importance of effective fiscal management.
Dr. Cassiel Ato Forson, Ghana’s Finance Minister, has asserted that the 2025 Budget and Policy Statement will play a crucial role in stabilizing the nation’s economic challenges. During a youth engagement session hosted by KalyJay on X Spaces, he acknowledged the difficulties the country continues to face despite previous efforts to improve the financial situation.
Dr. Forson explicitly stated that the country is not yet out of economic distress, emphasizing the need for immediate measures to achieve stability. He highlighted the administration’s dedication to policies supporting economic restoration, which include controlling inflation, ensuring a stable exchange rate, and creating a more predictable economic climate.
He further elaborated on the government’s intention to minimize domestic borrowing to enhance the availability of financial resources for the private sector, which in turn will facilitate business growth. Dr. Forson remarked on the importance of reducing government expenditure to liberate resources beneficial for private enterprises.
Following recent meetings with traders in Accra’s Central Business District, the Minister assured the youth that their feedback would be integral to the formulation of government policies. He rejected claims that these engagements were superficial or without consequence for the impending budget presentation slated for March 11, underscoring his commitment to dialogue with citizens.
Dr. Forson stated, “I do not take the people of Ghana for granted. I am not here because I just wanted to. I am here because I want to hear your take—ignore the propaganda out there,” indicating the importance of citizen participation in governance.
In summary, Dr. Ato Forson emphasizes that the 2025 Budget is vital for stabilizing Ghana’s economy. His focus on reducing borrowing and engaging with citizens demonstrates a commitment to economic growth and transparency. The Finance Minister aims to foster a stable economic environment, addressing inflation and creating opportunities for the private sector, ensuring the government’s policies remain responsive to the needs of the populace.
Original Source: citinewsroom.com
