Finance Minister Dr Cassiel Ato Forson told Parliament on Thursday, November 12, that Ghana’s economic conditions have improved enough for citizens to breathe a sigh of relief. He presented the 2027 Budget Statement and Economic Policy, highlighting the return of stability and confidence as a turning point in the country’s recovery.
Forson cautioned against slipping back into the cycles of growth followed by instability that have historically undermined progress. "Ghana has made significant gains. Stability has returned. Confidence is back. And Ghanaians can breathe again," he said, urging the nation to decide how to use this breathing space to shape millions of lives.
The minister outlined a next phase focused on lifting everyday living standards—particularly for young graduates, farmers, traders, pensioners affected by debt restructuring, and entrepreneurs struggling for affordable long‑term finance. He stressed that recovery must translate into tangible benefits for ordinary Ghanaians rather than merely improving macroeconomic indicators.
Forson reflected on past governments’ failures to sustain gains, describing a pattern of hope, growth, instability, and painful correction that has repeatedly disrupted households and businesses. He called for an end to these boom‑and‑bust cycles.
He positioned the 2027 Budget as a step beyond stabilization, aiming to expand production, promote industrialisation, support private‑sector growth, and create employment. Drawing on Ghana’s post‑independence aspirations, Forson recalled President Dr Kwame Nkrumah’s vision that political freedom must be matched by economic emancipation, citing the need for reliable electricity, infrastructure, education, and effective state institutions.
In closing, the minister urged the government to consolidate the gains from economic stabilisation and channel them into productive sectors, expanding opportunities, creating jobs, and improving living standards for all Ghanaians.
