The finance minister has assured that government will act on the key recommendations from the National Economic Dialogue, describing the final communique as his “Bible” for shaping the 2025 budget and economic reforms.
Dr Cassiel Ato Forson speaking at the closing session, the minister highlighted the strong alignment between the discussions and his initial presentation, emphasising a shared understanding of the country’s economic challenges.
“Most of the presentations actually feed into the first presentation I made. It clearly shows the connections and understanding that together we understand the situation and the problems of this country. What is left is the resolve to come together and to fix it,” he stated.
He acknowledged that while identifying solutions is crucial, implementation remains the biggest challenge. However, he stressed that successful execution depends on public support.
“Implementation is the challenge; we can only implement as a government if we get the buy-in of the citizens.”
Dr. Forson announced that the 2025 Budget Statement and Economic Policy will be introduced on March 11, incorporating many of the concerns raised during the dialogue.
“Most of the concerns you’ve raised, you’ll begin to see them in the budget,” he assured participants.
However, he urged stakeholders not to leave the government to carry out the reforms alone.
“We call on you to support the government in educating the public, for the public to understand that the time has come for us to reset and reform the economy. We’ve got to do this together.”
Reflecting on the discussions, he noted the deep interconnectedness between different sectors of the economy and the urgent need for comprehensive reforms.
“And so clearly, what I can say is most striking to me, particularly sitting there quietly, is that interconnectedness between the macro group to the private sector, to infrastructure, to all the other sectors, even to the governance and the corruption sub-sectors, is the need for us to do major reforms.”
Reaffirming his commitment to action, the minister stressed that the country already understands its problems and the necessary solutions—what remains is to implement them.
“And so the solution is there, we know the problems, we know what we have to do to resolve the problems, let’s start the implementation.
“So I will wait for the communique, and I can use the communique as my Bible, going into the preparation of the budget and to make recommendations to Cabinet for adoption and approval for us to input into the budget.”
With the budget announcement just days away, all eyes will be on how these commitments translate into tangible policies to stabilize and transform the economy.
