Finance Minister Dr. Cassiel Ato Forson has unveiled a comprehensive plan to address Ghana’s economic challenges, focusing on fiscal stability, state-owned enterprise (SOE) reform, subsidy restructuring, and improved financial governance.
The government aims to enhance domestic revenue collection by broadening the tax base and improving efficiency, reducing dependence on external loans. Cost-cutting measures will also be enforced to ensure prudent spending.
Key state enterprises, including COCOBOD and ECG, are set for major restructuring to minimize financial losses and improve efficiency. The reform agenda also includes phasing out broad subsidies in favor of targeted social support for vulnerable groups.
Transparency and accountability will be prioritized, with stricter enforcement of procurement regulations and financial controls to prevent corruption and mismanagement.
The success of these reforms depends on effective implementation and sustained political commitment. As Ghana navigates its economic recovery, citizens and investors are closely watching for tangible improvements in financial stability, job creation, and currency strength.