Vice President Praises Finance Ministry Over Economic Recovery Reforms
The Vice President, Professor Naana Jane Opoku-Agyemang, has expressed confidence in the government’s economic recovery efforts, citing reforms being implemented by the Ministry of Finance as evidence that the country is making steady progress towards restoring fiscal stability and rebuilding the economy.
During a working visit to the Ministry of Finance, the Vice President commended the Minister for Finance, Dr Cassiel Ato Forson, his deputy, Mr Thomas Nyarko Ampem, and the Ministry’s staff for their commitment to implementing reforms under the government’s Reset Agenda.
The visit formed part of her ongoing engagements with Ministries, Departments and Agencies (MDAs) to assess the implementation of government policies, strengthen collaboration between the Presidency and public institutions, and gain first-hand insight into operational challenges.
The Vice President lauded the Ministry for their professionalism and dedication, noting that the reforms being pursued were beginning to produce positive economic outcomes.
She stressed that the Ministry’s work has a direct impact on the welfare of citizens and called for continued commitment to transparency, accountability and prudent management of public finances.
The Vice President acknowledged that debt servicing continues to consume a significant share of government resources but reaffirmed the government’s resolve to sustain the ongoing reform agenda, strengthen budgeting systems and promote value addition to drive inclusive economic growth.
She also thanked management, technical officers and support staff of the Ministry for their contributions towards advancing the government’s vision of building a resilient and prosperous economy.
During the meeting, officials of the Ministry briefed the Vice President on Ghana’s fiscal outlook and outlined measures being pursued to restore macroeconomic stability following years of economic challenges.
They reported progress in the country’s debt restructuring programme, including the successful settlement of Eurobond obligations and other major debt commitments, while preparations are underway to honour upcoming debt servicing obligations.
She was updated on many reforms undertaken by the Ministry, including amendments to the Public Financial Management Act and the Public Procurement Act, the enactment of the Value for Money Act, improvements in domestic revenue mobilisation, amongst others.
The Ministry also reaffirmed its commitment to strengthening fiscal discipline and reducing the budget deficit over the medium term as part of efforts to place the economy on a more sustainable growth path.
Deborah Narkie Nartey, ISD
