2027 Budget: Ghana has moral obligation to use fiscal space wisely – Ato Forson

Finance Minister Dr Cassiel Ato Forson says Ghana has a moral obligation to use its available fiscal space wisely to rebuild the economy and restore the country’s position as a leading force in Africa.

Delivering the 2027 Budget Statement, Dr Forson reflected on Ghana’s economic potential at independence, saying the country once commanded admiration and respect across the world because of its natural and human resources.

“At independence, Ghana carried the hope of Africa. We had natural and human resources and a place of distinction in the world, admired and respected by many,” he said.

The Finance Minister said the country must make deliberate choices to translate its economic potential into lasting development.

He also described the current economic situation as one of renewed stability and confidence, insisting that the government’s efforts had helped ease the pressure on Ghanaians.

“Stability has returned, confidence is back and Ghanaians can breathe again,” Dr Forson stated.

As part of the government’s long-term economic strategy, he announced the New Economy Programme, a four-year initiative scheduled to begin in 2027.

According to him, the programme is designed to address structural weaknesses in the economy and transform the way the country produces, processes and creates wealth.

“The New Economy is the Government of Ghana’s four-year programme beginning in 2027 to confront these weaknesses and transform the structure of our economy,” he said.

The programme is expected to serve as a central pillar of the government’s economic transformation agenda over the next four years.