13th January 2025 11:06:31 AM
1 min readDr. Cassiel Ato Forson, the Finance Minister-designate, has pledged to focus on fiscal discipline and efficiency in the management of state resources. During his vetting before the Appointments Committee of Parliament, Forson emphasized the importance of curbing wasteful government spending as a key strategy to stabilize Ghana's economy."Governance is not about borrowing and borrowing," Dr. Forson stated.
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"It’s time to cut the waste, and I’ll lead the charge."Forson expressed his commitment to ensuring that the country’s resources are utilized wisely, underscoring that eliminating wasteful expenditures will be a priority in his tenure.
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He also acknowledged the role of development partners in securing affordable financing, stating that while reducing waste is his primary focus, he remains open to collaborating with partners to raise low-cost funds when necessary.The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye asserts that financial indiscipline is what is causing high inflation and also drop in the strength of the Cedi.
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