Ghana’s economic recovery will mean nothing if it does not create decent jobs and put more money in people’s pockets, Finance Minister, Dr. Cassiel Ato Baah Forson, has stated.
According to him, the government is now shifting from stabilisation to production under its New Economy agenda.
“The economy is showing signs of recovery but recovery alone cannot meet the country’s ambitions. The next phase must translate the sacrifices made to restore stability into real benefits for the people,” he said during an engagement with faculty and students at the University of Ghana on Saturday, October 17, 2026.
He said stabilisation was never the destination but the price the country had to pay to reset the economy.
“Stabilisation was never the destination. It was the price of entry,” he told the gathering.
The Minister said inflation has come down, confidence is returning and debt pressures are being managed. But those gains must now be felt in production, exports, investment and jobs.
“Ghana has fought hard to restore stability. Inflation has come down. Confidence is returning. Debt pressures are being managed. The economy is recovering. But recovery is not enough,” he said.
He explained that the central purpose of the New Economy is to turn stability into production, exports, investment, decent jobs and higher incomes.
The vision, according to him, is a Ghana that produces more of what it consumes, adds value to its agricultural and mineral resources, and creates decent jobs at scale.
It is also a model that puts public investment at the service of private enterprise, opening space for businesses to invest, expand and employ more Ghanaians.
Dr Forson said the transition is about ensuring that the benefits of economic recovery reach the people whose sacrifices helped make it possible.
“The New Economy is about building a Ghana that turns the sacrifices of stabilisation into real benefits for the Ghanaian people,” he added.
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