Finance Minister Dr. Cassiel Ato Forson has stated that the Mahama-led administration inherited a struggling economy from the previous Akufo-Addo government.
Presenting the 2025 Mid-Year Budget Review in Parliament on Thursday, July 24, Dr. Forson said the new government took over a weak financial sector burdened with significant non-performing loans.
“We also inherited a derailing IMF programme,” he noted, describing the situation as dire.
“Indeed, as President Mahama said, the whole of Ghana was a crime scene,” Dr. Forson added.
He accused the former Akufo-Addo administration of economic mismanagement and blamed the Bank of Ghana, under the previous regime, for contributing to runaway inflation levels.
Despite the challenges, Dr. Forson said the new administration has taken decisive steps to restore confidence in the economy. These include transparent public spending and targeted investments in critical sectors such as health, education, and infrastructure.
He further emphasized the government’s commitment to restoring integrity and accountability in public finance, assuring that national resources would be channelled into development priorities.
Source: Adomonline.com
