The Finance Minister-Designate, Dr. Cassiel Ato Forson, has stressed the urgent need to reduce waste and bring down inflation to attract both local and international investment.
Speaking during his vetting before Parliament’s Appointments Committee on Monday, January 13, Dr. Forson outlined his plans to stabilize the economy and boost investor confidence.
Addressing questions from Atiwa West MP and committee member Kokor, Dr. Forson highlighted the critical role of fiscal discipline in fostering a conducive environment for investment.
He stressed that inflation control would be a top priority in his first budget if approved.
“There’s no better time than now to cut waste and bring inflation under control. These steps are essential to restoring confidence in our economy and attracting investment,” he said.
Dr. Forson also refuted recent media reports suggesting he plans to seek additional financing from the International Monetary Fund (IMF), clarifying that his comments on the matter had been misrepresented.
On the issue of taxation and revenue mobilization, he reassured the committee that his government remains committed to its promise to reduce nuisance taxes, including the e-levy and betting taxes, once he assumes office.
He also expressed concerns about the current approach to tax waivers offered to companies by successive governments.
Dr. Forson noted that while such incentives can attract investment, the methods used need reform to ensure they benefit the country’s economy.
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