Ato Forson calls for major reforms to elevate Ghana to upper middle-income level
Finance Minister, Dr Ato Forson, has emphasised the urgent need for comprehensive economic reforms to ensure the country achieves upper middle-income status before the year 2038.
Speaking at the National Economic Dialogue held at the Accra International Conference Centre, Dr Forson cautioned that without ambitious measures, Ghana is unlikely to attain this status until after 2050.
Dr Forson stated, “Without comprehensive reforms, unfortunately, Ghana will only achieve upper middle-income status after the year 2050, and we cannot wait until 2050 before we become an upper middle-income country.”
The Minister highlighted that introducing well-structured and ambitious reforms is imperative for the nation’s economic progress.
He underscored the government’s commitment to implementing these reforms to reset and strengthen Ghana’s economy, paving the way for sustainable growth and development.
“We have no choice but to introduce measures to reset our economy. If we are to do well and introduce very ambitious reforms, Ghana will indeed become an upper middle-income country before the year 2038,” Dr. Forson added.
The National Economic Dialogue has brought together policymakers, economists, business leaders, and civil society organisations to deliberate on key economic strategies.
The discussions aim to shape policies that will drive long-term economic stability and growth.
