Accra: The Managing Director of the Agricultural Development Bank (ADB PLC), Edward Ato Sarpong, has observed that Ghana's renewed commitment to fiscal discipline is yielding tangible dividends, strengthening both the banking sector and the broader economy.
According to Ghana Web, Edward Ato Sarpong, speaking at the launch of the 2025 Non-Traditional Export (NTE) Statistics Report in Accra, emphasized the critical role of prudent fiscal management in restoring macroeconomic stability and rebuilding investor confidence. He stated, "Ghana's recent fiscal consolidation efforts, characterised by expenditure rationalisation, improved revenue mobilisation, and strengthened public financial management, have contributed significantly to stabilising the financial system."
Sarpong noted that these fiscal measures have helped restore confidence in the banking sector, enhance liquidity conditions, and improve the resilience of financial institutions. He explained that fiscal discipline has significantly impacted the economy by reducing macroeconomic imbalances and creating a more predictable business environment, thus enabling private sector growth and investment.
The launch of the 2025 Non-Traditional Export (NTE) Statistics Report by the Ghana Export Promotion Authority (GEPA) was attended by key policymakers and industry stakeholders under the theme 'Driving Economic Transformation Through Strategic Export Diversification.' Insights from the report, as well as solidarity messages, highlighted the NTE sector's role in boosting export earnings and macroeconomic stability, supporting exchange rate stability, and anchoring inflation expectations.
Edward Ato Sarpong commended GEPA and its partners for leveraging the improved macroeconomic environment to promote export-led growth. He noted that the expansion of non-traditional exports, which includes processed agricultural goods, manufactured products, and services, demonstrates Ghana's progress in reducing dependence on traditional commodities such as cocoa and gold.
He emphasized the importance of sustained fiscal discipline in maintaining these gains and urged continued efforts to strengthen financial sector oversight, enhance credit access for businesses, and support small and medium-sized enterprises (SMEs), which are central to export growth. Sarpong reaffirmed the Bank's commitment to supporting Ghana through targeted interventions, such as financing infrastructure, supporting industrialisation, and facilitating trade across regional and global markets.
He concluded by stating that Ghana's experience serves as a model for how sound fiscal management can underpin economic recovery and long-term growth.