Accra: Member of Parliament for Evalue-Ajomoro-Gwira, Kofi Arko Nokoe, has raised questions regarding the economic strategies implemented by former Finance Minister Ken Ofori-Atta compared to the current Finance Minister, Dr Cassiel Ato Forson. Nokoe's inquiry centers around the fiscal measures that have reportedly improved Ghana's economic outlook under Dr Forson's leadership.
According to Ghana Web, Nokoe spoke on the floor of Parliament during the debate on the 2026 Mid-Year Budget Review, held on Wednesday, July 29, 2026. During his speech, he attributed the country's fiscal recovery to Dr Forson's efforts in restoring fiscal discipline, enhancing revenue mobilisation, and improving coordination with the Bank of Ghana. Nokoe provocatively questioned what Dr Forson accomplished that Ofori-Atta, "who is watching us somewhere in the US," could not achieve.
Nokoe suggested that the key difference lay in the amendment of the Public Financial Management (PFM) Act and the implementation of stricter commitment controls. He described these amendments as the "magic" behind the fiscal discipline that has been established under Dr Forson's leadership.
Additionally, Nokoe applauded reforms to the Value Added Tax (VAT) system and the integration of information technology at the ports, highlighting these measures as transformative for revenue collection and economic stability. He pointed to market surveys indicating that prices of essential commodities like rice and sugar have decreased significantly compared to 2024. He argued that these price reductions are evidence of the positive impact of the government's economic policies.
Furthermore, Nokoe commended President John Dramani Mahama for appointing Dr Ato Forson as Finance Minister and praised the collaboration between the Finance Ministry and the Bank of Ghana. He described this partnership as pivotal to the country's recent macroeconomic achievements, stating, "I believe it is one of the best decisions ever made."
Nokoe emphasized that the Mid-Year Budget Review has bolstered investor confidence and instilled renewed hope for the future of the Ghanaian economy.