“We won’t be reckless” – Finance Minister assures banks

The Minister for Finance, Dr Cassiel Ato Forson (MP), has assured banks that the government remains committed to responsible economic management and will not repeat the financial instability experienced in 2022.
He emphasised that lessons have been learned from past economic challenges, and the government is determined to implement measures that promote stability and growth.
Speaking at a meeting with over 22 Managing Directors of banks, Dr Forson highlighted the importance of maintaining fiscal discipline to support the country’s economic recovery.
He noted that reckless financial decisions would not be tolerated, as the government aims to restore confidence in the banking sector and the broader economy.
The Finance Minister stressed that a coordinated policy approach would be essential in ensuring sustainable growth and protecting the financial system from future crises.
He urged banks to collaborate closely with the government in implementing strategies that enhance liquidity, encourage investment, and strengthen economic resilience.
Dr Forson reiterated that the government’s priority is to create a stable economic environment that benefits both financial institutions and the general public.
He reassured banking executives that policies would be carefully designed to support long-term stability, ensuring that Ghana’s financial sector remains strong and capable of driving national development
Source: Classfmonline.com/Cecil Mensah
Trending Business
Bawumia’s Gold for Reserve Programme is anchoring the Cedi – Kofi Bentil
13:27DVLA opens new office in Adentan, CEO expresses gratitude to all stakeholders
08:27President Mahama delivers on 24-hour economy promise within first 120 days
01:34Gov't inaugurates task force to oversee establishment of Ghana’s national airline
13:57NPA boss heaps praise on Finance Minister and BoG for stabilising Cedi, fuel prices
11:18President Mahama sets $10 billion target for non-traditional exports by 2030
03:34Hand over Saglemi housing project to TDC- Parliamentary Select Committee to gov't
04:51CEMSE calls for urgent review of Ghana’s upstream petroleum laws to boost investment
14:55Gov't urged to act fast on the completion Pokuse-Mayera affordable housing project
10:25DVLA kick starts 24-hour service on Wednesday
03:17