Finance Minister Dr Cassiel Ato Forson has urged businesses to invest with confidence, assuring them that the government will sustain the gains made in stabilising Ghana’s economy.
At a meeting with the leadership of the Association of Ghana Industries (AGI) and leading captains of industry, Dr Forson said the government’s new blueprint for economic transformation would be announced in the 2027 Budget.
“Feel free to invest because we will sustain the gains. The golden era for Ghana is beginning, and our new blueprint will be announced in the 2027 Budget,” he said.
The Finance Minister said the substantial improvements in the macroeconomic environment would be protected and strengthened.
“That is why the 2027 Budget will move Ghana from stability to transformation,” he stated.
Dr Forson noted that President John Dramani Mahama had already announced plans to invest $10 billion in strategic sectors over the next four years.
“We want to produce more, add value and create more jobs for the Ghanaian economy.
This means addressing the fundamental challenges we face as a country,” he said.
He added that the government had deliberately reduced the cost of capital and would continue working to drive it down further to support business expansion and investment.
Dr Forson also called on industry to support domestic revenue mobilisation to reduce the Government’s reliance on excessive borrowing.
“We need your support to raise the necessary revenue so that the government does not borrow beyond its means, as we saw in 2022,” he said.
Dr Forson explained that the meeting formed part of the government’s stakeholder engagements towards the preparation of the 2027 Budget.
“We are preparing a new direction for the country.
I called this meeting to engage you on what will help you expand, export more and create more jobs,” he said.
The meeting underscored the government’s commitment to working closely with industry to consolidate economic stability and translate it into stronger growth, increased exports and sustainable jobs for Ghanaians.
Grateful
For his part, the President of the AGI, Kofi Nsiah-Poku, commended the Finance Minister for the progress made in stabilising the economy.
“We are grateful for what you have achieved so far. We now know that we have achieved stability, and it is time for us to grow so that we can create jobs,” he said.
Mr Nsiah-Poku stated that the progress made provided a strong foundation for the country’s next phase of economic development, with attention now turning to industrial expansion, exports and job creation.
