Ghana’s economic recovery is entering a new phase, with the government turning its attention from stabilising the economy to driving sustainable growth, according to Finance Minister, Dr Cassiel Ato Forson.
Speaking after high-level discussions with World Bank Regional Vice President for Western and Central Africa, Ousmane Diagana, on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C., the Minister expressed confidence in the country’s progress.
“Ghana has stabilised its economy and is firmly on the path to debt sustainability,” he said, adding that “we are now shifting focus from stabilisation to growth.”
The renewed engagement with the World Bank is expected to prioritise key sectors that can accelerate productivity and job creation. These include commercial agriculture and agribusiness, energy development particularly gas-to-power and gas-to-fertiliser education and human capital development, and infrastructure to ease the movement of goods across the country.
Dr Forson stressed that even as government pursues growth, it will not lose sight of fiscal responsibility. “We remain committed to disciplined fiscal management while protecting vulnerable populations,” he noted.
He also welcomed the World Bank’s continued backing, describing it as crucial to Ghana’s efforts to consolidate recent macroeconomic gains and build a more resilient and inclusive economy.
