Finance Minister, Dr Cassiel Ato Forson, has said Ghana has emerged from the most difficult economic crisis in its history, following significant progress in restoring economic stability.

Presenting the 2027 Budget Statement and Economic Policy in Parliament on Thursday, November 12, 2026, the minister said the country had made considerable gains in its economic recovery.

“Ghana has made significant gains and has emerged from the most painful economic crisis in our history,” he stated.

His remarks come after years of economic challenges that saw Ghana struggle with high inflation, rising public debt, currency depreciation and increasing living costs.

The economic crisis affected households and businesses, with rising prices reducing the purchasing power of consumers and increasing the cost of doing business.

Ghana subsequently sought financial assistance from the International Monetary Fund (IMF) to restore economic stability and address its debt challenges.

In May 2023, the IMF approved a $3 billion bailout programme for Ghana to support its economic recovery and debt restructuring efforts.

The government also introduced the Domestic Debt Exchange Programme (DDEP) as part of measures to address the country's debt burden.

Ghana's inflation rate, which reached 54.1% in December 2022, has since declined to 5.5% in October 2026.

The country has also undertaken external debt restructuring and implemented fiscal reforms under its IMF-supported programme.

Dr Ato Forson's remarks formed part of the presentation of the 2027 Budget, which outlines the government's economic policies and spending plans for the coming year.

DR/MA