Ghana survived four major economic shocks this year because of financial safeguards built in 2025, Finance Minister, Dr Cassiel Ato Forson, has said.
Speaking on the Citi Breakfast Show on Friday, November 13, monitored by the Ghanaian Radar, Dr Forson said measures taken last year strengthened the economy and gave it room to absorb unexpected disruptions that could otherwise have caused a crisis.
He said the fall in world market prices for cocoa was the biggest shock, one that under normal circumstances could have plunged the country into an economic crisis.
The flooding that hit parts of the country in June 2026 also tested the economy, forcing emergency interventions and reconstruction and creating a risk of unplanned government spending.
Dr Forson also pointed to the fire at the Akosombo switchyard, which left more than 1,020 megawatts of electricity generation capacity stranded, describing it as another major challenge the country had to overcome.
The fourth shock, he said, came from developments around the Strait of Hormuz, which disrupted global economic activities and put pressure on economies across Europe, America, Asia and Africa.
He argued that Ghana was able to navigate all of these challenges without a major economic crisis because of the external and fiscal buffers built in 2025.
“Obviously, because of the measures we put in place in 2025, we built both external and fiscal buffers. These buffers are necessary, and we built them in 2025. And that is why we’ve been able to go through these difficulties,” he said.
He maintained that the 2025 measures gave the country the financial room needed to absorb the shocks experienced in 2026.
