Dr Cassiel Ato Forson delivered the annual Mid‑Year Budget Review before Parliament
The Minister of Finance, Dr Cassiel Ato Forson, has warned that despite the massive economic gains made by the government, the nation is still “not out of the woods yet.”
He said this as he delivered the annual Mid‑Year Budget Review before Parliament on July 24, 2025.
According to Dr Forson, while signs of stability are emerging, it would be “premature” to assume that all is well in terms of economic recovery for Ghana.
He, however, stated that there is hope for the economic future of the country as the Mahama-led National Democratic Congress (NDC) administration is working to lead the country to greater heights.
“We are not out of the woods yet; it would be premature to make that pronouncement, but the good news is that, today, hope is in sight. And we are determined to navigate the country out of the terrible storm we inherited from (Fmr) President Akufo-Addo and Alhaji Bawumia,” Dr Forson said.
Dr Forson pleaded with Ghanaians to support the government’s economic recovery efforts, saying, “We need the support of the people of Ghana to weather this storm. We see you, we hear you, and we are working for you.”
His remarks come amid visible improvements in key macroeconomic indicators, including a sharp drop in inflation from approximately 24 percent at the start of the year to 13.7 percent by June, and the Ghana cedi’s recovery from GH¢17 per dollar (reported under the previous administration) to around GH¢10.4 per dollar.
However, the session was not without drama.
Minority MPs staged a walkout just before Dr Cassiel Ato Forson spoke, citing electoral violence in the Ablekuma North election rerun as a protest point, and made their way to the Jubilee House to submit a petition to the presidency, missing the reading of the budget review entirely.
Meanwhile, watch the full review below:
You can also watch as the convoy of Minority MPs on its way to present petition to Prez Mahama over electoral violence
ID/AE