Finance Minister Designate, Dr.
Cassiel Ato Forson, has laid out an ambitious plan to reduce Ghana's inflation to a single-digit figure of 8% under the leadership of President John Dramani Mahama.
Speaking during his vetting on Monday, January 13, 2025, Dr.
Forson emphasized the need for bold fiscal reforms and prudent expenditure management to stabilize the economy. "I believe if we are to introduce strong measures, particularly from the expenditure side, we will be able to bring inflation down to 8% plus or minus two," he assured the vetting panel. "In doing so, we will be able to reopen the domestic bond market so that we can move away from the over-reliance on the treasury bill market." Ghana's economy has been grappling with soaring inflation, which has eroded purchasing power and strained the livelihoods of many citizens.
