The size of the economy improved significantly in 2024 – Finance Minister

The Minister for Finance, Dr Cassiel Ato Forson, has revealed that Ghana’s economy experienced significant growth in 2024.
He made this announcement during the presentation of the 2025 Budget Statement in Parliament on Tuesday, 11th March, highlighting the expansion of the country’s economic output over the past year.
Dr Forson noted that despite global economic challenges, Ghana’s economy showed resilience, recording notable improvements across key sectors.
He attributed this growth to sound government policies aimed at stabilising the economy.
“The size of the economy improved significantly in 2024, reflecting the impact of measures put in place to drive productivity and investment,” he stated.
However, the Minister acknowledged that part of the recorded economic growth included proceeds from illegal small-scale mining, commonly known as ‘galamsey.’
He cautioned that while this may have contributed to GDP expansion, the environmental and social consequences of galamsey remain a concern.
“It is important to recognise that some of this growth is linked to galamsey activities, which pose significant risks to our natural resources,” he added.
Dr Forson reassured Parliament that the government remains committed to fostering sustainable economic growth.
He emphasised that future policies will focus on strengthening productive sectors, formalising informal economic activities, and ensuring that economic gains do not come at the expense of environmental sustainability.
Source: Classfmonline.com/Cecil Mensah
Trending News
Ashanti NDC members protest return of former DVLA regional director
14:24Ghana revokes diplomatic and service passports of former officials and non-state actors
13:12MP for Awutu Senya West supports 53 tertiary students with scholarships
11:49Defence Minister commends Erastus Asare Donkor for anti-galamsey reporting
01:03DVLA to open six overseas offices to help curb fake Ghanaian licences abroad
11:54Supreme Court dismisses injunction application against President Mahama in Chief Justice case
12:41GA/R: Tragic fire claims life of 5-year-old girl at Adjei Kojo Sancity
11:36National Chairman is attending to some urgent issues in Accra, he will join the tour after that - Justin Kodua
00:19COCOBOD CEO urges return to core mandate of funding cocoa
11:28Sam George throws shade at Afenyo-Markin over police assault claims
12:21