Finance Minister, Dr Cassiel Ato Forson, has said Ghana’s economic recovery must go beyond restoring macroeconomic stability to deliver jobs, higher incomes and opportunities for citizens.
Speaking during the presentation of the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026, he said Ghanaians had paid a heavy price for the country’s economic difficulties and deserved more than a mere recovery.
According to him, government has a responsibility to ensure that the hardships endured by citizens do not become an inheritance for future generations.
Ato Forson said government began restoring economic order, credibility and stability in 2025, recording improvements in key economic indicators by the end of the year.
He disclosed that inflation declined from 23.8 % to 5.4%, while the primary balance improved from a deficit of 4.1 % to a surplus of 2.5 per cent of Gross Domestic Product (GDP).
He further indicated that public debt declined to 44.7 %of GDP, while Gross International Reserves increased to 5.7 months of import cover.
The Finance Minister said the gains had provided households with greater certainty, enabled businesses to plan and created room for the country to focus on long-term development rather than immediate economic crises.
However, he stressed that the true measure of the recovery would be its impact on the lives of ordinary Ghanaians.
“No statistic can refund the years families lost to instability. Their sacrifices will be honoured when restored stability becomes production, jobs, rising incomes and opportunity,” he stated.
Ato Forson also cautioned against the mismanagement of fiscal space, noting that Ghana had previously failed to channel available resources towards productive investments after periods of economic recovery.
He observed that scarce resources were often spread across competing demands, projects were undertaken without rigorous appraisal, and short-term consumption took priority over investments in productive capacity.
