Finance Minister, Dr. Cassiel Ato Forson,delivered a sobering assessment of the country’s economic state, describing it as being in a “deep crisis” due to significant fiscal challenges inherited from the previous administration.

In his presentation of the 2025 budget to Parliament on March 11, Dr. Forson outlined a series of critical issues the government is grappling with, including soaring inflation, high debt levels, and a weakening currency. He also highlighted the large accumulation of arrears in Ministries, Departments, and Agencies (MDAs), as well as mounting obligations in the energy and financial sectors.

“We inherited an economy in deep crisis,” Dr. Forson stated, attributing the turmoil to reckless public spending and mismanagement of national finances. He stressed that the new government faces considerable obstacles in stabilizing the economy, but remained optimistic that measures will be taken to put the country on a more sustainable financial path.

Despite the difficult circumstances, Dr. Forson expressed confidence that the government will address the challenges and restore stability to the economy over time.

Source:TheDotNews