By Lawrence Odoom/Phalonzy
Finance Minister Dr. Cassiel Ato Forson has affirmed that Ghana’s recent macroeconomic upswing is the product of profound structural realignment, not transient palliatives, as he addressed a cohort of international investors at the 2026 Spring Meetings of the International Monetary Fund and World Bank Group in Washington.
“Growth has exceeded expectations, driven by strong performance in services and agriculture, while inflation continues to decline steadily, supported by tight monetary policy, fiscal consolidation, and a strengthening cedi,” Dr. Forson asserted. “These are not cosmetic gains. They are outcomes of well-thought-through reforms, backed by laws and disciplined implementation.”
Dr.Forson reiterated government’s resolve to entrench the recovery trajectory by consolidating hard-won gains and deepening institutional reforms aimed at fashioning a resilient and inclusive economy.
He catalogued a suite of far-reaching measures, including downsizing the machinery of government, amending the Public Financial Management Act to codify fiscal rules, and instituting oversight architecture such as an independent Fiscal Council and an Office of Value for Money.
Additional reforms, he noted, span the management of public funds, prioritization of petroleum revenues, overhaul of tax administration, and the restructuring of mineral royalties to accelerate infrastructure delivery.
Further interventions encompass comprehensive payroll audits, rationalization of public programmes, sweeping energy sector reforms, and the restructuring of COCOBOD to enhance operational efficiency and fiduciary accountability.
Dr. Forson underscored that Ghana’s external position has been fortified by robust gold and cocoa exports, swelling reserves, and the near-finalization of debt restructuring.
“These reforms have translated into tangible market outcomes,” he remarked, pointing to declining bond yields and upward revisions in sovereign credit ratings as vindication of policy credibility.
“The gains we achieved in 2025 provide a solid platform for continued recovery and policy predictability. Our focus now is to consolidate these gains, strengthen confidence, and build a more resilient and inclusive economy.”
Investors at the high-level engagement lauded Ghana’s reform blueprint, commending the breadth of policy recalibration and the demonstrable strides in stabilizing the economy and restoring market confidence.