Finance Minister Cassiel Ato Forson, PhD, has indicated that Ghana’s economy is in distress.
According to him, what’s important now is to take measures to ensure that the economy is stabilized.
The minister was speaking in an engagement on X when he made this known.
“Let me make this point: let’s not deceive ourselves that the country is out of the woods yet. Our economy is still in distress, and the first thing we will need to do is to take measures to bring us back to the stability that we deserve,” he stated.
“What we can do is to put together a framework where there will be a stable exchange rate, stable inflation, and a stable economy,” he added.
To him, to succeed, government will have to cut borrowing and reduce expenditure.
“It is very critical for the government to cut expenditure and reduce its appetite for borrowing. In doing so, there will be a lot more resources for the private sector to benefit from,” he stressed.
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