The Member of Parliament for Upper West Akim, Emmanuel Drah, says Ghana’s economy is beginning to bounce back under the stewardship of Finance Minister Dr. Cassiel Ato Forson – www.naijnaira.com reports.
According to Graphic Online, Drah credited the mid-year budget presentation in July as proof that the country is experiencing real progress.
He revealed that Ghana’s GDP grew from 4.9 percent in the first quarter of last year to 5.4 percent in the same period this year.
Inflation, which soared above 50 percent in 2024, has now dropped to 18.3 percent, while interest rates and treasury bill yields have eased.
“The minister has shown discipline by spending wisely and keeping power supply stable, even investing GH₵9.1 billion in the energy sector,” Drah told Parliament.
He also highlighted the removal of 67,000 ghost names from the public payroll, a move expected to save millions.
The MP said the Public Financial Management (Amendment) Act of 2025, with new debt limits and fiscal rules, will bring stronger accountability.
Drah urged Ghanaians to expect growth in infrastructure, agriculture, and other productive sectors under the government’s economic direction.
Article updated 2 months ago. Content is written and modified by multiple authors.
