By Adnan Adams Mohammed
Dr. Cassiel Ato Forson, Ghana’s Minister of Finance, has highlighted the significant milestones achieved in stabilizing the nation’s economy.
According to him, pivotal to his success is the strong collaboration between the Ministry of Finance, the Central Bank, Ghana Gold Board, and the unwavering support of President John Dramani Mahama.
Ghana’s youngest finance minister, in a recent interview on Radio Gold 90.5 FM reflecting on 2025, lauded the contributions of Sammy Gyamfi, praising his drive and determination.
“Sammy Gyamfi has always come to mind. The President has chosen him and he’s a young man with drive. It’s difficult to get such kinds of people around. And you need someone not only with energy, but he has energy, the drive, the determination, and can-do spirit.” Further acknowledging the critical role of the Governor of the Bank of Ghana (BoG) in tightening the money supply and helping to bring down inflation.
Strategic Reforms and Economic Stabilization
Dr. Forson detailed the comprehensive measures taken to address inflation and structural issues. “Aside from that I had to tackle inflation, I had to tackle the structural issues like how do I build reserves to make sure the currency stabilizes,” he explained.
A key initiative mentioned was the introduction of the Gold Bond, a long-term project designed to bolster the country’s reserves. This initiative, combined with the efforts of the Cocoa Board and reforms within the Central Bank, has played a pivotal role in strengthening Ghana’s economic foundation.
The President’s Vision and Guidance
Attributing much of the progress to President Mahama’s leadership, Dr. Forson emphasized the importance of the President’s daily involvement and guidance. “There was no way we could achieve even a quarter of what we’ve been able to achieve without the support of the President and his guidance. His vision he has – do this, don’t do this, go here, don’t go here, don’t worry, I’ll back you.”
He noted that the President’s ability to simplify complex technical issues into layman’s terms has been instrumental in the effective implementation of economic policies.
“The benefits of his guidance, the benefits of his support, is there for everybody to see,” Dr. Forson remarked.
Looking Ahead
With the current trajectory, Dr. Forson expressed optimism for the future of Ghana’s economy. He predicted that the people of Ghana will continue to see a tangible difference in their economic well-being within the next year.
