Finance Minister Dr. Cassiel Ato Forson has reiterated that Ghana’s energy sector remains the country’s most significant economic risk, even though it poses no immediate threat to the successful implementation of the 2025 budget.
Speaking in a post-budget interview following his presentation of the 2025 Mid-Year Budget Review in Parliament, Dr. Forson sought to clarify concerns about the energy sector’s impact on fiscal stability.
“The energy [sector] has been catered for appropriately in the budget in terms of amounts that we need to be able to fix the challenge for this year,” he explained. “So it is no longer a risk to this budget, but it remains a risk to the economy.”
The Finance Minister emphasised that while short-term provisions have been made in the budget to address immediate issues in the energy sector, the structural challenges within the sector continue to threaten long-term economic stability.
“I have always said that it is the biggest risk to Ghana’s economy. I stand by that. The biggest risk to Ghana’s economy is the energy sector,” Dr. Forson stated firmly.
