Deputy Finance Minister Thomas Nyarko Ampem has expressed confidence in Finance Minister Dr Cassiel Ato Forson’s ability to keep Ghana’s economy on a path of stability and growth, assuring Parliament that the government is determined to avoid the economic challenges experienced in recent years.

Ampem gave the assurance when he appeared before the Committee on Economy and Development during a public hearing on the 2024 National Annual Progress Report on Tuesday, June 9, 2026.

During the session, Committee Chairman Eric Afful noted that indicators such as macroeconomic stability, the debt-to-GDP ratio, and other economic metrics did not paint a favourable picture in 2024. He expressed hope that the 2025 report would reflect significant improvement.

Responding to those concerns, Ampem stressed that the government has adopted measures aimed at strengthening the economy and maintaining recent gains.

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“I can give you the fullest assurance from Dr Ato Forson that he will continue to manage the finances of this country very well in order that we don’t see what we saw in 2022, 2023, and 2024 again,” he said.

According to the Deputy Minister, the government is implementing a combination of fiscal discipline and monetary policy measures to tackle inflation and support economic growth.

He explained that expenditure has been constrained, revenue mobilisation efforts intensified, and spending redirected towards sectors capable of driving sustainable growth.

“If you look at one of the recommendations by NDPC, it is to reinforce monetary policy with fiscal policies so that we can tame inflation, and that is what we’ve been doing since 2025,” Ampem noted.

He added that President John Mahama remains committed to leaving behind a strong economic legacy, insisting that the government will continue working to ensure improved performance across all sectors of the economy.

JKB/BAI

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