Finance Minister Dr. Cassiel Ato Forson has cautioned Ghanaians against any premature celebration of economic recovery, stressing that the country remains in financial distress.

Speaking during a youth engagement session on X Spaces, hosted by social media influencer KalyJay, he outlined the critical steps the government must take to stabilize the economy.

“Let me make this point: let’s not deceive ourselves that the country is out of the woods yet. Our economy is still in distress, and the first thing we will need to do is to take measures to bring us back to the stability that we deserve,” Dr. Forson stated, setting a realistic tone for the conversation.

He explained that economic stability is not an automatic process but requires deliberate policy interventions.

“What we can do is to put together a framework where there will be a stable exchange rate, stable inflation, and a stable economy,” he added.

Addressing the issue of government spending, Dr. Forson emphasized the importance of fiscal discipline, warning against excessive borrowing.

“It is very critical for the government to cut expenditure and reduce its appetite for borrowing. In doing so, there will be a lot more resources for the private sector to benefit from,” he asserted.

The Finance Minister also dismissed the narratives suggesting that his engagement with the public was politically motivated, reaffirming his commitment to transparency.

“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,” he said.

Dr. Forson reiterated that the upcoming 2025 Budget and Policy Statement will play a crucial role in repositioning Ghana’s economy, ensuring long-term stability for businesses and citizens alike.

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