Finance Minister Dr Cassiel Ato Forson has stated that the Mahama-led administration inherited a severely weakened economy from the former Akufo-Addo government. 

Presenting the 2025 Mid-Year Budget Review to Parliament on Thursday, July 24, Dr Forson outlined the challenges the new administration faced upon taking office.

According to the Minister, the financial sector was in a fragile state, weighed down by high levels of non-performing loans and a loss of investor confidence. 

“We also inherited a derailing IMF programme,” he told the House, describing the situation as dire. He added, “Indeed, as President Mahama said, the whole of Ghana was a crime scene.”

Dr Forson accused the previous government of gross economic mismanagement and singled out the Bank of Ghana for what he described as its role in fuelling inflation. 

He argued that weak regulatory oversight and reckless policy choices had contributed significantly to the economic instability that the new administration was now working to correct.

Despite these setbacks, Dr Forson assured Parliament that the government had taken bold steps to restore confidence in the economy. 

He highlighted transparent public spending and targeted investments in health, education, and infrastructure as part of a broader strategy to revitalise national development. 

He further reaffirmed the administration’s commitment to integrity and accountability in the management of public finances, pledging to prioritise the judicious use of national resources.