Govt to prioritize prudent fiscal management – Dr. Forson

The newly appointed Finance Minister, Dr. Cassiel Ato Forson, has pledged to steer Ghana towards economic stability and prosperity through prudent fiscal management and innovative policy implementation.
Speaking on his first day in office, Dr. Forson underscored his commitment to addressing the pressing economic challenges confronting the nation.
“We are here to serve the people of Ghana,” he declared. “Every decision we make will be guided by the principle of bettering the lot of Ghanaians. We will be mindful of their needs and work tirelessly to ensure that the economy provides opportunities for all.”
Dr. Forson, who previously served in the Ministry eight years ago, expressed gratitude for the opportunity to return.
He highlighted his determination to deliver results through teamwork and alignment with President Akufo-Addo’s priorities.

A bold agenda for economic stability
During his address, the Finance Minister outlined a comprehensive plan to address the country’s economic woes. Central to his agenda are job creation, reducing inflation, stabilizing the exchange rate, and managing the national debt.
“The economic challenges we face today demand innovative solutions,” Dr. Forson stated.
“We will take bold steps to stabilize the economy, reduce inflationary pressures, and ensure fiscal discipline to restore confidence in Ghana’s economy.”
To achieve these goals, the Minister emphasized the need for strategic planning and collaboration with key stakeholders across sectors.
He underscored the importance of fiscal discipline, describing it as the cornerstone of economic stability and growth.

Fiscal institute to build capacity
One of the notable initiatives announced by Dr. Forson is the establishment of a Fiscal Institute, aimed at strengthening the financial management capacity of public sector leaders.
The institute will provide specialized training for leaders of Ministries, Departments, and Agencies (MDAs) as well as State-Owned Enterprises (SOEs).
“This initiative is essential for enhancing transparency and efficiency in public financial management,” Dr. Forson explained. “By equipping our leaders with the necessary skills, we can ensure accountability and optimize the use of public resources.”
The move is expected to foster a culture of professionalism and efficiency, which Dr. Forson believes will be pivotal in restoring public confidence in Ghana’s financial institutions.

Call for unity and dedication
Dr. Forson’s vision for economic recovery was bolstered by the presence of Fiifi Fiavi Kwetey, a former Deputy Minister of Finance, who joined him in rallying support from the Ministry’s staff.
Mr Kwetey described the Finance Ministry as the “heart of every government” and emphasized the need for unity and creativity to tackle the significant challenges ahead.
“The task ahead is significant, but with unity and creativity, we can achieve great results,” Kwetey noted. “The Finance Ministry has always been known for its loyalty and dedication, and I urge you to lend Dr. Forson your full support.”
In response, the Chief Director of the Ministry, Ms. Eva Mends, assured the Minister of the staff’s unwavering commitment.
“MoF staff will support you and work with you tirelessly to ensure that you deliver on the mandate entrusted to you by the President of the Republic of Ghana,” she said.

Confidence in Ghana’s economic future
Dr. Forson concluded his address by expressing confidence in the government’s ability to deliver results that will positively impact the lives of Ghanaians.
He reiterated his commitment to addressing systemic issues, honoring financial obligations, and building a resilient, inclusive economy.
“We will honor our financial obligations, address systemic issues, and ensure that Ghana’s economy is resilient and inclusive,” he said.
He also pledged to champion policies that will cushion citizens from economic hardship and lay a solid foundation for future generations.
“This is a responsibility we do not take lightly. Together, we will build a stronger, more stable economy for future generations.”

A collective effort
The event was attended by Directors and staff of the Ministry, as well as policy experts from the Majority Secretariat in Parliament. Their presence underscored the collective effort required to achieve the ambitious goals set forth by the new Finance Minister.
Dr. Forson’s appointment marks a renewed sense of hope and determination within the Ministry of Finance.
As the country grapples with economic challenges, his emphasis on fiscal discipline, capacity building, and inclusive growth has set the stage for a transformative era in Ghana’s financial landscape.