Ghana’s Economy “Firmly on Track,” Says Finance Minister Ato Forson at IMF–World Bank Meetings
Ghana’s Finance Minister, Dr. Cassiel Ato Forson
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has reassured global investors that the country’s economy is “firmly on track” and showing clear signs of recovery.
Speaking during the 2025 IMF/World Bank Annual Meetings, Dr. Forson highlighted Ghana’s progress in stabilizing key fiscal indicators and restoring market confidence after years of volatility. “Our fiscal position is stabilizing, inflation is easing, and we are rebuilding buffers for sustained growth,” he stated, emphasizing that Ghana’s recovery is anchored on fiscal discipline, domestic revenue mobilization, and private-sector innovation.
The Minister acknowledged that persistent global headwinds including inflationary pressures, rising interest rates, and ongoing geopolitical tensions continue to test the resilience of African economies.
He warned that “no country on the continent can achieve sustainable growth alone”, calling for a re-architecture of the global financial system to better address the realities of developing nations.
“Africa cannot build resilience in a system designed to favor developed economies,” Dr. Forson said. “We need a fairer financial framework that unlocks access to climate and development financing.”
Dr. Forson urged multilateral institutions to rethink how concessional funding and debt-relief mechanisms are structured.
He advocated for greater alignment between global climate finance commitments and Africa’s growth priorities, adding that developing economies require predictable financing to meet both sustainability and infrastructure demands.
The Minister’s comments echo a wider African sentiment that reforms at the IMF and World Bank are overdue to ensure equitable access to liquidity support and green-transition funds.
Back home, Ghana has recorded notable progress in macroeconomic stabilization. Inflation, which peaked above 50 percent in 2023, has since declined, while the Ghana Cedi has seen moderate gains due to tighter monetary policy and export-driven revenue.
Dr. Forson noted that Ghana’s focus on private-sector-led growth remains central to its long-term development plan, emphasizing investment in technology, agribusiness, and renewable energy as pillars for inclusive growth.
Financial analysts attending the meetings pointed out that Ghana’s proactive communication on economic policy sends a positive signal to investors.
By maintaining transparency in fiscal reporting and implementing reforms tied to IMF program benchmarks, the government aims to attract sustainable investment and rebuild global trust.
Dr. Forson’s remarks position Ghana as one of the more forward-leaning voices in Africa’s fiscal reform conversation. His call for a rebalanced global finance architecture reflects the continent’s push for justice in international economics a move from dependency to empowerment.
Yet, the coming year will determine whether policy execution can match the optimism voiced on the global stage.
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