Mid-Year budget: The recovery is a result of superior economic management - Finance Minister

The Minister of Finance Dr Cassiel Ato Forson has said that the Mahama administration introduced deliberate reforms to recover the economy.

He says that every major macroeconomic indicator has improved significantly.

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.

Presenting the 2026 Mid-Year budget in Parliament on Thursday, July 23, he said, "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."

"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.