The Finance Minister, Dr. Cassiel Ato Forson, has dismissed claims by MP Gideon Boako that the government missed at least 50% of its fiscal targets, calling the assertion inaccurate and unsupported. Speaking during the closing debate on the 2026 Budget, Dr. Forson emphasized that macroeconomic indicators reflect a different reality, showcasing recovery and restored confidence in Ghana’s economic management.
Dr. Forson presented five key indicators to illustrate Ghana’s positive trajectory for 2025. Economic growth reached 6.3% in the first half of the year, significantly surpassing the 4.0% target. Inflation dropped from 23.8% in late 2024 to 8% by October 2025, outperforming the targeted 11.9%. Additionally, the primary balance shifted from a deficit of 3% of GDP to a surplus of 1.6%, while public debt decreased from 61.8% to an estimated 45%.
Addressing skepticism about the projected 4.8% growth for 2026, Dr. Forson defended the forecast as realistic and rooted in evidence rather than political influence. He countered claims from opposition members that the budget lacks potential for growth and job creation, highlighting that GH¢74 billion in government programs is set to generate around 800,000 jobs across the country.
Reiterating that Ghana’s economic improvements are the result of targeted policies, Dr. Forson pointed to initiatives in food production and infrastructure development as vital components of this progress. He concluded by asserting that the current economic narrative is one of credibility, discipline, and evidence-based policy, urging for a constructive debate grounded in facts.
SOURCE: TV3
