Veep Commends Finance Ministry for Driving Economic Reforms
Vice President Professor Naana Jane Opoku-Agyemang has commended the Minister for Finance, Dr Cassiel Ato Forson, and staff of the Ministry of Finance for their commitment to implementing reforms aimed at restoring macroeconomic stability and advancing the Government’s Reset Agenda.
The commendation was made during a working visit to the Ministry of Finance on Monday as part of a series of engagements with Ministries, Departments and Agencies.
The visits are intended to strengthen coordination between the Presidency and public institutions, assess progress on government priorities, and understand the challenges confronting the various institutions.
During the engagement, Ministry officials briefed the Vice President on the country’s fiscal outlook and the measures being undertaken to restore economic stability.
The discussions highlighted the difficult fiscal conditions inherited by the current administration and the steps being taken to improve the nation’s economic performance.
The Ministry also outlined significant progress in Ghana’s debt restructuring programme.
Management reported the successful repayment of Eurobond obligations and other major debt commitments, with preparations underway to meet upcoming debt servicing obligations.
The Ministry further reaffirmed its commitment to restoring fiscal discipline and reducing the fiscal deficit over the medium term to place the economy on a sustainable growth path.
The Vice President was updated on key policy reforms and achievements, including amendments to the Public Financial Management and Public Procurement Acts, the enactment of the Value for Money Act, improved domestic revenue mobilisation, the restructuring of COCOBOD, and increased funding for key government initiatives such as the Big Push infrastructure programme and the Women’s Development Bank.
Addressing management and staff, Professor Opoku-Agyemang praised Dr Forson, Deputy Minister Mr Thomas Nyarko Ampem, and the entire Ministry team for their dedication, professionalism, and commitment to reforms that are beginning to yield economic gains.
She stressed that decisions taken by the Ministry have a direct impact on the lives of Ghanaians and underscored the need for prudent and transparent public financial management.
While noting that significant national resources continue to be devoted to servicing debt obligations, she said Government remains committed to sustaining the reform agenda, promoting value addition, and strengthening sound budgeting practices.
The Vice President also expressed appreciation to all members of staff, including management, technical officers and support staff, for their invaluable contribution toward achieving Government’s vision of building a stronger, more resilient and prosperous Ghana.
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