Finance Minister, Dr. Cassiel Ato Forson, has announced a shift in the country’s economic strategy from stabilisation to growth, following what he describes as steady progress toward debt sustainability.
In a Facebook post after a meeting at the IMF/World Bank Spring Meetings in Washington, D.C., the Minister said he held discussions with Ousmane Diagana, Regional Vice President of the World Bank for Western and Central Africa, and his team.
He noted that Ghana’s economy has regained stability and is now firmly on a path toward sustainable debt levels. “Ghana has stabilised its economy and is firmly on the path to debt sustainability. We are now shifting focus from stabilisation to growth,” he stated.
According to him, both parties agreed to strengthen cooperation in key sectors critical to driving economic expansion and job creation.
These include commercial agriculture and agribusiness, energy development—particularly gas-to-power and gas-to-fertiliser—education and human capital development, as well as infrastructure to facilitate the movement of goods.
Dr. Forson reaffirmed government’s commitment to maintaining fiscal discipline while ensuring that vulnerable populations are protected.
He also welcomed continued support from the World Bank as Ghana works to consolidate its recovery and pursue inclusive economic growth.
