Ato Forson: Primary surplus rises to 11.1% of GDP, signalling economic stability

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Finance Minister Dr Cassiel Ato Forson has affirmed that Ghana’s economy is firmly on the path to recovery, attributing recent improvements to what he described as “significant progress” in restoring fiscal discipline, investor confidence, and economic clarity under the Mahama administration.

Delivering the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr Forson highlighted that the country’s fiscal outlook has exceeded expectations within the first 200 days of the new government’s tenure.

“Mr Speaker, in less than 200 days, we have brought back clarity, certainty, stability, and purpose to our economic policy direction,” he told the House.

“We have made significant progress; the signs of recovery are obvious, evident, noticeable, visible, tangible — and they are being felt.”

Dr Forson revealed that Ghana posted a primary balance surplus of 11.1% of GDP on a commitment basis by the end of June 2025 — a figure which far surpassed the government’s target of 0.4% for the same period.

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