Finance Minister Dr Cassiel Ato Forson has urged Ghana to move beyond economic stabilisation and pursue policies that address the underlying challenges facing the economy and support long-term growth.
He made the call during a New Economy engagement with lecturers and students at the University of Ghana, where he stressed the need for a change in the country’s approach to economic management.
According to Dr Forson, Ghana must use the progress made in stabilising the economy as a foundation for securing a more prosperous future.
“We have stabilised the present. Now we must secure the future,” he said.
He said the country was at a critical stage in its economic development, requiring decisions that would influence opportunities and living standards for future generations.
Dr Forson argued that lasting progress would depend on moving away from policies that merely manage recurring economic difficulties towards reforms that address their root causes.
“There are moments when a nation must make a clear break with old patterns. There are moments when public policy must stop managing symptoms and start changing structures. This is such a moment for Ghana,” he said.
He also stressed the importance of making timely decisions, noting that the country could not afford to remain tied to economic approaches that had held back its progress.
“History does not wait for countries that are afraid to decide,” he said.
The Finance Minister said Ghana’s next phase of development should prioritise domestic production, the processing of locally produced agricultural goods and minerals, and the creation of more opportunities for businesses and workers.