Finance Minister, Dr. Cassiel Ato Forson has attributed the recent macroeconomic gains experienced to what he describes as the “superior economic management” undertaken by the current administration.
Presenting the 2026 Mid-Year Budget Review on the floor of parliament on July 23rd 2026, Dr. Cassiel Ato Forson debunked narratives of these gains being as a results of luck, debt restructuring or even the IMF Program inherited from the previous government after taking office in January 2025.
“The progress Ghana is recording today did not happen by chance.Some have suggested that our recent macroeconomic gains are simply the product of good fortune.Others have attributed the recovery solely to the debt restructuring programme or the IMF programme inherited in 2025.Mr. Speaker, I firmly disagree. Our recovery is as a result of superior economic management.” He stated
The Finance Minister added that although debt restructuring and interventions by the IMF can create fiscal space, sustainable economic recovery can only be built on good policy choices, competent economic management, disciplined execution and courageous leadership.
“Debt restructuring may create fiscal space, but it does not create fiscal discipline.An IMF programme may provide a framework, but it cannot substitute for sound policy,disciplined implementation and political will.Sustainable economic recovery is built on good policy choices, competent economic management, disciplined execution and courageous leadership.” He added
The Finance Minister then highlighted that as as a result of this economic management, every major macroeconomic indicator has improved
significantly.
Dr. Cassiel Ato Forson went ahead to explain that Ghana’s economic recovery has been hinged on Fiscal Correction, the modernization of Ghana’s Tax Regime and the Complementary Fiscal Policy for Inflation Targeting and Exchange Rate Stability.
“The recovery of the Ghanaian economy has been anchored on three Key Transformational Policy Reforms (KTPs).These Key Transformational Policy Reforms are Fiscal Correction,Modernising Ghana’s Tax Regime and Complementary Fiscal Policy for Inflation Targeting and Exchange Rate Stability.” He added
Ghana’s recent macroeconomic gains show strong economic recovery, highlighted by 6.4% GDP growth in Q1 2026, single-digit inflation normalization, and a stabilized cedi.
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