Finance Minister Dr Cassiel Ato Forson has declared that Ghana has regained economic stability and renewed investor confidence, assuring international partners and businesses that the country is “back, strong, credible, and open for business.”
Delivering the 2026 Budget Statement and Economic Policy in Parliament on Thursday, November 13, Dr Forson said Ghana’s economic turnaround within 10 months of the Mahama administration’s tenure reflects the resilience of the Ghanaian people and the government’s decisive leadership.
“To our international partners and investors, Ghana is back, strong, credible, and open for business. The story of Ghana is no longer one of crisis but of recovery and renewal,” he stated.
“The reforms we have undertaken are not quick fixes; they are the foundations of a resilient, competitive, and inclusive economy.”
The Finance Minister noted that when the Mahama administration took office on January 7, 2025, it inherited a deeply distressed economy weighed down by unsustainable debt, fiscal recklessness, high inflation, and widespread hardship.
He said the NDC government met a debt service burden consuming nearly 36.4 per cent of tax revenue, a fast-depreciating cedi that had lost over 53 per cent of its value, collapsing investor confidence, and pervasive corruption that had drained public resources.
“Ghana was indeed at the bottom of the abyss, a nation in distress with its economy bleeding and its people weary, yet yearning for leadership with the courage and vision to rebuild,” Dr Forson stated.
He explained that through “decisive leadership, bold reforms, and the resilience of the Ghanaian people,” the government had succeeded in stabilising key economic indicators, reducing inflation, and restoring investor trust.
“Barely a year ago, our economy was uncertain. Today, the cedi in your pocket is stronger, prices are stabilising, and new opportunities are emerging across agriculture, industry, and technology,” he said.
Dr Forson noted that the progress achieved so far is a product of sacrifice and discipline, crediting Ghanaians for their endurance during difficult reforms aimed at restoring fiscal responsibility and growth.
He reaffirmed the government’s commitment to consolidating these gains through continued reform, investment promotion, and inclusive development.
“This progress is the fruit of sacrifice and discipline. Ghanaians tightened their belts, businesses adapted, and government stayed the course,” he said, adding that the 2026 Budget marks “a transition from recovery to transformation.”
The Finance Minister urged global investors to view Ghana as a destination of stability, opportunity, and renewed growth under President John Dramani Mahama’s leadership.