Government focused on sustaining stability and avoiding future bailouts – Ato Forson
Finance Minister Dr Cassiel Ato Forson has outlined government’s renewed commitment to long-term economic stability, stressing that current policy measures are aimed at strengthening the economy and restoring investor confidence.
Addressing the media on Friday, May 15, following Ghana’s successful completion of its IMF Extended Credit Facility (ECF) programme, Dr Forson said government’s priority is to prevent a return to past economic challenges that previously necessitated emergency financial support.
He explained that although Ghana currently has no immediate need for a bailout, authorities remain focused on building stronger economic buffers to guard against future fiscal pressures.
According to him, the policy direction is centred on sustaining recent macroeconomic gains rather than relying on short-term corrective measures.
Dr Forson further noted that the government’s strategy is designed to attract private sector investment by strengthening confidence in Ghana’s economic management, which he described as key to achieving sustainable growth.
“This is why we are putting in place measures so that we don’t reach a point where we are forced to go for a bailout,” he stated.
Meanwhile, the government has confirmed the successful conclusion of Ghana’s IMF Extended Credit Facility programme, marking a transition from a formal bailout arrangement to a non-financing Policy Coordination Instrument aimed at supporting continued economic reforms and fiscal consolidation.
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