Finance Minister Dr Cassiel Ato Forson says Ghana must fundamentally change its economic priorities and approach to development to build an economy that reflects the country’s aspirations.
Speaking during the presentation of the 2027 Budget Statement, Dr Forson said the next 70 years of Ghana’s development must focus on building a stronger and more prosperous economy.
“The next 70 years must be about building an economy worthy of our national aspirations,” he said.
He stressed that Ghana’s next phase of growth must be driven by investment, exports and job creation, rather than relying on existing economic structures.
According to the Finance Minister, affordable financing will be critical to turning the country’s renewed economic stability into meaningful opportunities for businesses and individuals.
“Affordable finance will turn stability into opportunity,” he stated.
Dr Forson also disclosed that the government’s ambition is to reduce the cost of capital to single digits, a move expected to make borrowing more affordable and support private-sector investment.
He further assured Ghanaians that fiscal discipline would remain a priority throughout the election cycle, emphasising the need to sustain economic stability.
“Fiscal discipline will apply throughout the election cycle,” he said.
The Finance Minister called for a shift in national thinking, priorities and actions, arguing that Ghana must adopt a new approach if it is to achieve developed-country status.
“We must fundamentally change our thinking, priorities and actions to build a developed Ghana,” Dr Forson added.
His remarks form part of the government’s broader economic direction outlined in the 2027 Budget, which places investment, export growth, affordable financing and job creation at the centre of Ghana’s next phase of development.
