Managing Director of Agricultural Development Bank, Edward Ato Sarpong, says Ghana’s commitment to fiscal discipline is beginning to strengthen both the financial sector and the broader economy.
Speaking at the launch of the 2025 Non-Traditional Export (NTE) Statistics Report in Accra, he pointed to improved macroeconomic conditions driven by tighter fiscal management and policy reforms.
“Ghana’s recent fiscal consolidation efforts, characterised by expenditure rationalisation, improved revenue mobilisation, and strengthened public financial management, have contributed significantly to stabilising the financial system,” he said.
“These measures have helped restore confidence in the banking sector, enhance liquidity conditions, and improve the resilience of financial institutions.”
He explained that these efforts are creating a more stable and predictable environment for businesses, encouraging investment and private sector expansion.
According to him, the impact is visible in the growing performance of the non-traditional export sector.
The report, launched by the Ghana Export Promotion Authority under the theme “Driving Economic Transformation Through Strategic Export Diversification,” brought together policymakers and industry players to assess export growth.
Mr. Sarpong noted that the expansion of non-traditional exports—from processed agricultural products to manufactured goods—signals progress in reducing reliance on traditional commodities like cocoa and gold.
He stressed that maintaining fiscal discipline remains key to sustaining these gains, urging continued support for businesses, especially small and medium-sized enterprises.
Reaffirming the bank’s role, he said ADB will continue to support economic growth through financing, industrial development, and trade facilitation, adding that Ghana’s approach highlights how sound fiscal management can drive long-term recovery and stability.
