Finance Minister Dr Cassiel Ato Forson has called for a shift in Ghana’s economic management, warning that the country must end the repeated cycles of growth, instability and painful economic recovery.

He said although the economy had regained stability and public confidence was returning, government must now use the opportunity to improve the living conditions of Ghanaians and create lasting economic progress.

LIVESTREAMING: Dr Ato Forson presents 2027 Budget to Parliament

Dr Forson made the remarks on Thursday, November 12, 2026, during the presentation of the 2027 Budget Statement and Economic Policy to Parliament.

He said the recovery should not be measured only by improved economic figures but by how it affects ordinary people, particularly young graduates seeking jobs, farmers looking for markets and traders struggling to rebuild their businesses.

“Stability has returned, confidence is back, and Ghanaians can breathe again. Now, Mr Speaker, Ghana must decide what to do with that breathing space,” he said.

He noted that many Ghanaians had suffered the effects of inflation, job losses and the debt restructuring programme, which affected the savings of some pensioners and weakened the financial position of businesses.

The Finance Minister said the country had experienced several periods in which economic gains were followed by instability, forcing citizens and businesses to bear the cost of difficult adjustments.

“Our people have experienced repeated episodes of hope followed by hardships, growth followed by instability, fiscal expansion followed by painful correction, and a stable currency followed by sharp depreciation,” he told Parliament.

He added that the pattern of economic expansion followed by crisis must not continue, stressing that the current recovery should provide a foundation for more sustainable growth and improved livelihoods.

“These boom and bust cycles must cease, Mr Speaker,” Dr Forson declared.

He recalled that Ghana entered independence with considerable natural and human resources and a strong reputation across Africa and the international community.

The Finance Minister said the country must now work towards an economy in which growth translates into jobs, stronger businesses and better living conditions rather than repeated periods of economic hardship.

ANAS/EB

LIVE: Dr Cassiel Ato Forson is presenting the 2027 Budget Statement and Economic Policy