The Minister for Finance, Dr Cassiel Ato Forson, has declared that Ghana has turned the corner from the economic crisis that forced the country into an International Monetary Fund (IMF) bailout, insisting that the government’s reforms have restored macroeconomic stability and set the economy on a sustainable growth path.

Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, 2026, Dr Forson said the economy had witnessed significant improvements under the leadership of President John Dramani Mahama, with falling inflation, a stable cedi and renewed investor confidence signalling a strong recovery.

“Under the leadership of His Excellency President John Dramani Mahama, Ghana is not going back. Ghana is moving forward,” the Finance Minister declared.

Dr Forson said recent gains in key macroeconomic indicators were beginning to deliver tangible benefits to households and businesses across the country.

He noted that declining inflation had improved purchasing power, while lower interest rates were making it easier for businesses to access credit and expand operations.

“Purchasing power has improved because inflation has fallen. To the entrepreneur who can now borrow at lower interest rates to expand their businesses and to the worker whose income now stretches further because the cedi has stabilised,” he said.

“These improvements are not abstract statistics. They are the dividend of sound and competent economic management.”

While acknowledging that the reforms required significant sacrifices from Ghanaians, Dr Forson argued that the difficult measures had laid a solid foundation for sustained economic growth.

“We recognise that the sacrifices required to restore the economy were significant and that many households continue to face challenges. But we also know that the foundations of Ghana’s economy are now firmly in place,” he stated.