Mid-Year budget: Every major macroeconomic indicator has improved significantly - Finance Minister

Every major macroeconomic indicator has improved significantly due to sound economic discipline, the Minister of Finance, Dr Cassiel Ato Forson, has said.

He said that the recovery is a result of superior economic management.

He also said while presenting the 2026 Mid-Year budget in Parliament on Thursday, July 23, that debt restructuring does not create fiscal discipline but only creates fiscal space.

He noted that when the Mahama administration took over governance, the economy was on its knees. However, with prudent policies, they have turned the corner.

"President Mahama took over an economy with reckless spending, excessive borrowing, and lack of accountability. President Mahama took over an economy that was on its knees," he said.

"The cedi depreciated as never seen before," he added.

He added, "The progress Ghana is recording today did not happen by chance. It is superior economic management"

Dr Forson further told the House that the economy must not be allowed to return to the period of excessive cedi depreciation.

"The 2022 economic crisis was not merely an accident but the result of poor policy choices, reckless spending and excessive borrowing," he said.