Vice President 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 supporting the Government’s Reset Agenda.

The commendation came during her working visit to the Ministry of Finance on Monday as part of a series of engagements with Ministries, Departments and Agencies (MDAs) to strengthen coordination between the Presidency and public institutions.

During the engagement, Ministry officials briefed the Vice President on the country’s fiscal outlook and the reforms being undertaken to restore economic stability.

The discussions highlighted the difficult fiscal conditions inherited by the Government and the measures being implemented to improve the nation’s economic performance.

The Ministry outlined significant progress in Ghana’s debt restructuring programme, including the successful repayment of Eurobond obligations and other major debt commitments, while preparations continue to meet upcoming debt servicing obligations.

Management further reaffirmed the Ministry’s 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, COCOBOD’s restructuring, 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 emphasised that the Ministry’s decisions have a direct impact on the lives of Ghanaians and stressed the importance of prudent and transparent public financial management.

While noting that significant national resources continue to be devoted to servicing debt obligations, the Vice President said Government remains committed to sustaining the ongoing reform agenda, promoting value addition, and strengthening sound budgeting practices.

She also expressed appreciation to all members of staff, including management, technical officers and support staff, acknowledging their invaluable contribution towards achieving Government’s vision of building a stronger, more resilient and prosperous Ghana 

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