By: Rita Naa Ayeley Armah
During the 2025 Mid-Year Budget Review, Finance Minister, Cassiel Ato Forson assured Ghanaians of continued economic stability and growth, emphasizing government efforts to tackle inflation and stabilize the exchange rate. He affirmed that President Mahama is delivering on his promises, with even stronger prospects expected in the second half of the year.
“We expect inflation to continue its downward trend and reach our 2025 target ahead of schedule”, he stated. This positive outlook comes as the government takes steps to stabilize the cedi by managing spending carefully.”
Dr. Ato Forson stated that economic growth will be further supported by key initiatives such as the 24-Hour Economy Initiative, the ‘Big Push’ Infrastructure Programme, and the Agriculture for Economic Transformation Programme aimed at revitalizing the agricultural sector.
“Mr. Speaker, you may recall that during my vetting, when asked how I would like to be remembered as a minister, I said I would like to be remembered for stabilizing the exchange rate, ensuring low prices, and creating jobs,” the Finance Minister said.
Ahead of the mid-year review, Dr. Forson visited traders at Makola Market, where they identified stable prices and exchange rates as their top concerns. He expressed appreciation for their feedback, noting that recent improvements in the cedi and general price levels reflect the government’s firm response to these issues.
“Let me assure all Ghanaians that the stability in exchange rate and the lower prices we are experiencing will be sustained,” Forson concluded.
