Vice President Professor Naana Jane Opoku-Agyemang says Ghana’s economic recovery is not a miracle but the result of deliberate policy actions aimed at restoring stability and rebuilding confidence.
She explained that the country’s recent gains are the outcome of fiscal prudence, tighter expenditure controls, and disciplined financial management, which continue to anchor Ghana’s path to recovery.
Speaking at the 14th Ghana Economic Forum organized by the Business and Financial Times in Accra, the Vice President cautioned against short-term policies that undermine long-term growth, stressing the need to consolidate recent progress.
“Short term comfort should never come at the cost of long term stability. The same lesson applies to our currency and our economy. It is the very reason that we are resetting our economy,” she said.
Professor Opoku-Agyemang underscored the importance of macroeconomic stability, warning that the effects of a weak cedi extend far beyond the financial sector.
“When the cedi weakens, it is not only economists who feel the pain. Every household suffers the consequences. This is why macroeconomic stability must not be dismissed as a simple abstract achievement,” she stated.
She added that Ghana’s fiscal reforms are now beginning to deliver results, but urged caution against complacency.
“The fiscal reforms are beginning to bear fruit. These are not miracles. However, ladies and gentlemen, this is not the time for complacency. It is a time for consolidation.”
The 2025 Ghana Economic Forum is themed: “ Currency stability- A reset for sustainable economic growth”
