Finance Minister Dr. Cassiel Ato Forson has described the state of Ghana’s economy inherited by the governing National Democratic Congress (NDC) as one “weighed down by debt, weakened by mismanagement, and stripped of confidence.”
Presenting the 2026 Budget Statement in Parliament on Thursday, November 13, Dr. Forson said the government has since worked to stabilise the economy and rebuild trust among citizens and investors.
“Mr Speaker, when this administration took office, we met an economy in distress, weighed down by debt, weakened by mismanagement, and stripped of confidence. The 2025 budget was our first act of courage — a declaration that Ghana would rise again through reforms, discipline, and visionary leadership,” he said.
He noted that the 2026 Budget takes inspiration from President John Mahama’s 2025 State of the Nation Address, which outlined a clear plan to fix the economy and place Ghana on a path to sustainable growth.
Describing the new budget as part of a broader “reset” agenda, Dr. Forson said the government’s approach is rooted in resilience and reform.
“This is not just a recovery. It is a reset. It is a story of a nation that refused to stay down. This is a rebirth from the ashes of a daunting inheritance — the heavy burden laid upon us by the previous administration,” he said.
The Finance Minister added that strict fiscal discipline, structural reforms, and renewed investor confidence remain at the heart of the government’s strategy to deliver growth, create jobs, and transform the economy.
