Dr Forson said the Budget was people-centered with innovative solutions to addressing deep-seated socio-economic challenges facing the nation.
Delivering his concluding remarks at the end of the two-week commentary on the 2025 Budget and Economic Policy Statement of Government on Tuesday, in Accra, the Minister indicated that the budget was intended to provide a conducive environment for business growth, introduce 24-Hour Economy policies and create opportunities for job creation as well as roll out interventions for the poor and the vulnerable.
Dr Forson said: “The budget provides hope for all citizens and an opportunity to bring back the past glory of the nation.
” We’ve started fixing the problems to improve the living conditions of our people and all what we need is the support of this House to execute the budget effectively and efficiently.”
The Minister expressed the government’s commitment to bring the IMF programme on track, saying, “We’re determined to ensure full implementation of the IMF programme including its structural benchmark and key performance criteria.”
Dr Forson observed that despite the Bank of Ghana’s almost 60 billion Ghana Cedi negative equity, the Central Bank was policy solvent and capable to perform its monetary policy functions.
The Minister reiterated the government’s earlier fiscal targets for this year including four per cent economic growth, 11.9% minimum inflation rate, 1.5% primary balance surplus of GDP and a minimum of three months accumulated foreign reserves import cover.
The Minister underscored the government’s determination to roll out measures to ensure expenditure rationalisation, bolster revenue mobilization drive and consolidate fiscal policy interventions.
Dr Forson urged the House to urgently consider the 21 different bills tabled before it to ensure the resetting of the economy.
Both the Majority and Minority Leaders of the House put up spirited defence of their Caucus’ stance on the budget to conclude the debate.
