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The Minister for Finance, Cassiel Ato Forson, has reaffirmed the resilience of Ghana’s economy in the face of recent global shocks, citing strong policy measures and ongoing reforms.
Dr Forson made the remarks after a high-level meeting with Anna Bjerde on the sidelines of the IMF/World Bank Spring Meetings.
According to the Minister, Ghana’s economic stability is underpinned by prudent fiscal management, structural reforms, and strategic buffers established over the past year.
He further noted that increased domestic gas production has helped mitigate the impact of rising global energy prices, contributing to macroeconomic stability.
However, Dr Forson cautioned that inefficiencies within the energy distribution sector remain a significant risk to sustaining these gains.
To address the challenge, he indicated that government is considering increased private sector participation to enhance billing systems, revenue collection, and overall operational efficiency in the sector.
Ms Bjerde commended Ghana’s economic management efforts and reaffirmed the World Bank’s continued support.
She, however, emphasised the urgency of addressing structural weaknesses in the energy sector to prevent them from undermining broader economic progress.
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