The Minister of Finance, Dr Cassiel Ato Forson has said that the economic achievement reflects the administration’s commitment to responsible public financial management and continued fiscal consolidation.
He assured that the government would continue engaging in fiscal discipline.
“The most important news to the people of Ghana is that we have come from far and we have really gone through some difficult times but thanks to God, we have recovered.
“We are within the fiscal framework. First half of year, we have done 0.9 percent primary surplus as against a target of 0.5 percent,” he Citi FM on Friday.
Earlier, while presenting the mid-year budget on Thursday July 23, the Finance Minister said that every major macroeconomic indicator has improved significantly due to sound economic discipline.
He said that the recovery is a result of superior economic management.
He noted that when the Mahama administration took over governance, the economy was on its knees. However, with prudent policies, they have turned the corner.
“President Mahama took over an economy with reckless spending, excessive borrowing, and lack of accountability. President Mahama took over an economy that was on its knees,” he said.
“The cedi depreciated as never seen before,” he added.
He added, “The progress Ghana is recording today did not happen by chance. It is superior economic management”
Dr Forson further told the House that the economy must not be allowed to return to the period of excessive cedi depreciation.
“The 2022 economic crisis was not merely an accident but the result of poor policy choices, reckless spending and excessive borrowing,” he said.
