Ghana’s economy will not return to 'emergency room' under our watch – Finance Minister

Finance Minister, Dr Cassiel Ato Forson, has assured Ghanaians that the economy has moved beyond crisis management and will not return to what he described as the “emergency room” under the current administration.

Presenting the 2026 Mid-Year Fiscal Policy Review in Parliament on July 23, 2026, he said government’s commitment to resetting the economy for growth, jobs and transformation had yielded significant improvements in key economic indicators.

“Mr. Speaker, we promised to move this economy from the emergency room to the wellness centre. We have kept that promise,” he said.

“I give this House my firm assurance: this economy will never return to the emergency room under our watch,” the minister added.

The Finance Minister highlighted a number of economic gains, including a reduction in inflation to 5.3%, stabilisation of the cedi, and economic growth exceeding six percent.

He also noted that Ghana’s debt-to-GDP ratio had declined to 45%, describing the achievement as being years ahead of schedule.

According to him, the country has also recorded a primary balance surplus, while interest rates have declined significantly, creating a more stable environment for businesses and investors.

He added that Ghana had successfully completed the final review of the International Monetary Fund’s Extended Credit Facility (ECF) programme, marking another milestone in the country’s economic recovery efforts.

The Finance Minister said the progress recorded reflects government’s efforts to restore macroeconomic stability and lay the foundation for sustainable growth and economic transformation.



DR/SA