The Finance Minister, Dr Cassiel Ato Forson, says Ghana’s economy has regained stability, with fiscal discipline restored, confidence rebuilt and key institutions strengthened to protect the country’s economic gains.
Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr Ato Forson said the improvements recorded in the economy were translating into real benefits for businesses, workers and households.
He said falling inflation, improved purchasing power and lower interest rates were creating better conditions for market traders, entrepreneurs and workers.
“These improvements are not abstract statistics. They are the dividend of sound and competent economic management,” Dr Ato Forson said.
The Finance Minister acknowledged that many households were still facing challenges due to the sacrifices required to stabilise the economy but insisted that the foundations for long-term growth had been established.
“We recognise that the sacrifices required to restore the economy were significant and that many households continue to face challenges. But we also know that the foundations of Ghana’s economy are now firmly in place,” he said.
According to him, fiscal discipline has been restored, macroeconomic stability has returned and confidence in the economy has improved.
“Under the leadership of His Excellency President John Dramani Mahama, Ghana is not going back. Ghana is moving forward,” he stated.
Dr Ato Forson also announced that the Executive Board of the International Monetary Fund (IMF) is expected to approve the final review of Ghana’s Extended Credit Facility programme, bringing the financial bailout programme to a successful conclusion.
He said the IMF Board is also expected to approve a 36-month Policy Coordination Instrument (PCI), which will guide Ghana’s next phase of economic reforms without providing additional financing.
The Finance Minister explained that the PCI would help strengthen macroeconomic resilience, support broad-based growth and demonstrate government’s commitment to sound economic management.
He said the framework would focus on six key areas, including growth-friendly fiscal consolidation, debt sustainability, fiscal transparency, stronger monetary and exchange rate policies, financial sector stability and economic diversification.
Dr Ato Forson added that Ghana’s strong implementation record and successful execution of the PCI would improve the country’s chances of achieving investment-grade status and accessing more concessional financing for productive investments.
He said the PCI would include quantitative targets and reform commitments monitored through semi-annual reviews to ensure continued implementation of government’s economic agenda.
