Ghana is a country with vast potential—some of which is still being discovered, while others, though already known, are yet to fully materialize.
The current managers of the economy, led by the capable Finance Minister, Hon. Cassiel Ato Forson, and the Governor of the Bank of Ghana, have demonstrated strong commitment to restoring macroeconomic stability. Their approach to fiscal management and monetary policy has been instrumental in steering the country toward economic recovery and revitalization.
This progress is evident in various economic indicators. Since assuming office, the Ghanaian cedi has shown significant signs of appreciation against major trading currencies such as the US dollar, British pound, and the Euro.
As of April 2025, inflation stands at 21.2%, with a medium-term target of 8%, plus or minus 2%. The current monetary policy rate is 28%, with positive signals of further reduction—providing relief to both the business community and individual borrowers as the cost of capital gradually declines.
One of the most notable achievements has been the sharp decline in the 91-day treasury bill rate, which has dropped from 27.73% to 14.5% in just four months of the new administration’s tenure. This is an impressive feat, and the Finance Minister deserves commendation for the work done so far.
The 2025 budget prioritizes currency stabilization and reducing the cost of living for Ghanaians.
The introduction of the Gold for Reserves (GoldBoD) program addresses critical challenges in foreign exchange flows, helping meet forex demand. This is a commendable innovation.
The Domestic Debt Exchange Programme (DDEP) introduced by the previous Akufo-Addo administration negatively affected investor confidence, both local and foreign. The new government’s decision to discontinue the program and begin repayments has helped restore faith in the economy.
Investor and public confidence in Ghana’s economic prospects is growing. The population is beginning to show renewed belief in the country’s potential for sustainable growth.
The 24-hour economy policy is a potential game-changer. Businesses and investors must seize this opportunity to scale up operations, train workers in specialized skills, expand market reach, and create more jobs.
There is also an accelerated program to boost exports, which will open up further economic opportunities for Ghanaians.
In the energy sector, the government’s decision to build additional gas processing plants is expected to enhance domestic energy supply, drive industrial growth, and reduce dependence on expensive fuel imports.
Additionally, the plan to secure 200,000 hectares of land for cocoa cultivation aims to boost production and help Ghana achieve a target of one million metric tonnes annually.
These initiatives represent a bold and strategic roadmap to prosperity. They offer hope, particularly for the Ghanaian youth, by creating jobs and economic opportunities.
Now is the time for every Ghanaian to contribute to this emerging success story—so we can make Ghana great among the community of nations.