Government to Turn Economic Stability into Productive Investments – Ato Forson

The Minister for Finance, Hon. Dr. Cassiel Ato Forson, has stated that the government has restored economic stability, and its responsibility now is to transform that stability into productive investments.

“Under the leadership of President John Mahama, we have worked to restore economic stability and build the confidence this country needs to take off.”

“Our responsibility now is to turn the economic recovery into productive investments, decent jobs and better incomes,” Hon. Ato Forson emphasised.

He made this statement during his maiden meeting with the National House of Chiefs on Monday, November 9, at their headquarters in Kumasi.

According to him, the country’s population has grown yet the economy has failed to create enough corresponding productive jobs for the growing number of people seeking employment.

“Our population has grown faster than the opportunities available to many of our young people, unfortunately.”

Hon. Ato Forson further indicated that the government had expanded access to education and trained more individuals.

According to him, for more than 70 years, the old economic patterns had failed to deliver the transformation people deserved, despite achieving a certain level of growth.

On the yet-to-be-detailed economic plan dubbed the “New Economy Policy,” the Finance Minister described it as a pathway towards building productive investments.

“The New Economy Policy is a four-year government programme to transform the structure of the old economic pattern.”

On employment concerns, he stressed that the government was highly committed to job creation, but the private sector should take the lead by creating more jobs for the teeming youth who were ready to work.

On his part, the President of the National House of Chiefs, Ogyeahoho Yaw Gyebi II, on behalf of the House, expressed appreciation to the Finance Minister, Hon. Dr. Cassiel Ato Forson, for his efforts in stabilising the economy.

According to Ogyeahoho Yaw Gyebi II, the Minister had done very well in stabilising the cedi.

He commended the Minister for managing the country’s economy and bringing it to a certain level of growth, expressing optimism about further economic expansion through the 2027 Budget presentation scheduled for Thursday, November 12.

“A big thank you to the Minister for handling the economy so well to bring it to this level.”

Furthermore, he appealed to the Finance Minister for increased support to assist members of the House in discharging their duties, included funds to complete their new building at Asenua.

He also mentioned the need for the completion of Houses of Chiefs complexes in the six newly created regions, increased sitting allowances for members and the deployment of staff to various traditional areas.

Story by: Kwame Adu Gyamfi Kumanin