Ghana's economic recovery is durable – Dr Ato Forson

Ghana’s recent strong economic performance is anchored in deep structural reforms and not short-term fixes, Finance Minister Dr Cassiel Ato Forson has said.

He made the remarks during an engagement with international investors on the sidelines of the 2026 International Monetary Fund/World Bank Group Spring Meetings in Washington.

“Growth has exceeded expectations, driven by strong performance in services and agriculture, while inflation continues to decline steadily, supported by tight monetary policy, fiscal consolidation, and a strengthening cedi.

“These are not cosmetic gains. They are outcomes of well-thought-out reforms, backed by laws and disciplined implementation,” he said.

Dr Forson assured investors that government remained focused on consolidating gains, deepening reforms, and building a resilient, inclusive, and growth-oriented economy.

He outlined measures including reducing the size of government, amending the Public Financial Management Act to introduce fiscal rules, and establishing oversight institutions such as an independent Fiscal Council and an Office of Value for Money.

He also highlighted reforms in public funds management, petroleum revenue prioritisation, tax administration, and the restructuring of royalties to finance infrastructure.

Dr Forson cited payroll audits, programme rationalisation, energy sector reforms, and the restructuring of COCOBOD as part of efforts to strengthen efficiency and accountability.

He noted that Ghana’s external position had improved, supported by robust gold and cocoa exports and increased reserves, while debt restructuring is nearing completion.

“These reforms have translated into tangible market outcomes,” he said, pointing to declining yields and sovereign rating upgrades.

“The gains we achieved in 2025 provide a solid platform for continued recovery and policy predictability. Our focus now is to consolidate these gains, strengthen confidence, and build a more resilient and inclusive economy,” he added.

Investors at the meeting commended Ghana’s reset agenda, praising the depth of reforms and progress in stabilising the economy and restoring credibility.