Member of Parliament for Evalue-Ajomoro-Gwira, Kofi Arko Nokoe, has questioned what prevented former Finance Minister Ken Ofori-Atta from implementing the fiscal measures that, he says, have contributed to Ghana’s improving economic outlook under Dr Cassiel Ato Forson.

Speaking on the floor of Parliament during the debate on the 2026 Mid-Year Budget Review on Wednesday, July 29, 2026, Nokoe credited Dr Ato Forson with restoring fiscal discipline, strengthening revenue mobilisation and improving coordination with the Bank of Ghana.

“What magic did Ato Forson do that Ken Ofori-Atta, who is watching us somewhere in the US, couldn’t do?” Nokoe asked.

According to him, the answer lies in the amendment of the Public Financial Management (PFM) Act and the enforcement of stricter commitment controls.

“The amendment of the PFM Act, the Commitment Authority, was the magic... fiscal discipline,” he stated.

'Ofori-Atta taxed MoMo, Ato Forson abolished it and is managing the economy' – Ayariga

Nokoe also praised reforms to the Value Added Tax (VAT) system and the deployment of information technology at the ports, saying the measures had revolutionised revenue collection while helping to stabilise the economy.

He said market surveys conducted before the budget presentation showed that prices of key commodities, including rice and sugar, had fallen significantly compared with 2024, which, according to him, reflected the positive impact of the government’s economic policies.

Nokoe further commended President John Dramani Mahama for appointing Dr Ato Forson as Finance Minister and lauded the close collaboration between the Finance Ministry and the Bank of Ghana, describing it as a key factor behind the country’s recent macroeconomic gains.

“I believe it is one of the best decisions ever made,” he said of President Mahama’s appointment of Dr Ato Forson as Finance Minister.

Nokoe stressed that the Mid-Year Budget Review had boosted investor confidence and brought renewed hope for the Ghanaian economy.

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