Dr Cassiel Ato Forson Archives - Ghana News Express

Put differences aside in finding solutions to economic challenges – Finance Minister

3Mar

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Business

Put differences aside in finding solutions to economic challenges – Finance Minister

Ghanaians have been urged to put their differences aside in finding solutions to the country's current economic challenges. Dr Cassiel Ato Forson, the Minister of Finance, who made the call, said there was the need to forge ahead, as a people, and put together a policy to guide efforts in tackling the economic woes. Speaking during the National Economic Dialogue on Monday in Accra to help address the challenges, Dr Forson said since no one person was a repository of knowledge, it was incumbent on all Ghanaians to support to change the situation. He said the dialogue, similar to the one held 10 years ago at Senchi in the Eastern Region, was to reflect on the economic challenges, address them and plan for the future. It would use dialogue, among other things, to reset the economy...

Full length of economic crisis still unravelling – Finance Minister

3Mar

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Business

Full length of economic crisis still unravelling – Finance Minister

Dr Cassiel Ato Forson, the Minister of Finance, says the Government is yet to have a full understanding of the economic crisis as the situation keeps unraveling with time. The depth of the crisis, he said, would require significant sacrifices from citizens to “stem the bleeding” and put the economy back on track. “Fellow countrymen and women, the economic crisis isn't over. Indeed, the full length of our current crisis is still unravelling by the day,” he said during a presentation on: “The true state of the Ghanaian Economy” at the 2025 National Economic Dialogue on Monday. The theme for the two-day event is: “Resetting Ghana: Building the Economy We Want Together”. He observed that over the decade, there had been very limited progress in structural transformation of the econo...

Finance Minister raises concerns over tax exemptions and extractive sector under-capitalization

3Mar

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Business

Finance Minister raises concerns over tax exemptions and extractive sector under-capitalization

Finance minister Dr. Cassiel Ato Forson has expressed serious concerns about the negative impact of tax exemptions on Ghana's revenue mobilisation and the under-capitalisation of the extractive sector. He highlighted the significant fiscal challenges facing the nation, stressing that tax exemptions on Value Added Tax (VAT), Personal Income Tax (PIT), and import duties are estimated to result in a "staggering" 3.9 percent loss of GDP. The Minister made the statement during a presentation on the true state of Ghana's economy at the two-day National Economic Dialogue in Accra on Monday. He emphasised that those figures did not include corporate income tax exemptions, which further exacerbated the revenue shortfall. "While these exemptions often offer temporary relief, they ...

IMANI President lauds Dr Forson’s appointment as Finance Minister

11Jan

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Business

IMANI President lauds Dr Forson’s appointment as Finance Minister

Mr Franklin Cudjoe, the Founding President of IMANI Centre for Policy and Education, has lauded the appointment of Dr Cassiel Ato Baah Forson as the finance minister-designate, describing it as "sensible". In a statement copied to the Ghana News Agency, he recalled how in April 2024, he had an opportunity to engage with Dr Forson to discuss what must be done to prevent further damage to the nation's “jalopy economy.” Mr Cudjoe said he had invited Dr Forson to meet a small team of Ghanaian and British consultants the British Government recently engaged to design a modest £5m programme - the Financial and Economic Resilience in Ghana (FERG) programme. That was to complement existing workstreams, and those of other development partners, to address Ghana’s longstanding challenge...

President Mahama Names Dr. Ato Forson as finance minister designate

9Jan

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Business

President Mahama Names Dr. Ato Forson as finance minister designate

President John Dramani Mahama has named Dr. Cassiel Ato Baah Forson as Minister for Finance designate. Dr. Ato Forson has previously served as the Deputy Minister for Finance during the first term 2012-2017 of the President. His appointment was announced alongside two other ministerial nominations for Energy and Attorney General. Dr. Forson brings a wealth of experience to the role, having previously served as Deputy Minister for Finance during President Mahama’s first term. He previously served as the Minority Leader in the eighth parliament and as the ranking member of the Finance Committee, where he spearheaded the minority’s financial policy positions. Dr. Forson boasts a distinguished career marked by academic exce...

President Mahama announces first set of ministerial nominations

9Jan

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News

President Mahama announces first set of ministerial nominations

President John Dramani Mahama has submitted his first set of ministerial nominations to Parliament today (January 9, 2025), fulfilling a key constitutional requirement following his inauguration as President on January 7, 2025. The nominations, submitted to the Speaker of Parliament in accordance with Article 78 of the 1992 Constitution, include three individuals for critical portfolios in finance, energy, and justice. The nominees are: 1. Dr Cassiel Ato Baah Forson – Minister for Finance Designate 2. Mr John Abdulai Jinapor – Minister for Energy Designate 3. Dr Dominic Akuritinga Ayine – Attorney-General and Minister for Justice Designate The Speaker of Parliament, Alban Bagbin has confirmed receipt of the names and referred the three ministeri...

9Jan

By Enoch Ntiamoah SiawNo Comments

Politics

Dr. Cassiel Ato Baah Forson: Profile of Ghana’s Next Finance Minister

Dr. Cassiel Ato Baah Forson, MPPh.D, MSc, BSc, ICA(Gh), FCIT(Gh)Economist |Chartered Accountant | Tax Practitioner Hon. Cassiel Ato Baah Forson (Ph.D) is a lawmaker in the Parliamentof Ghana. He is an economist of great repute with deep insight,particularly on the economy of Ghana, a Chartered Accountant and aTax Practitioner with over 20 years’ experience in the public andprivate sectors.His professional expertise covers macroeconomics, fiscal policy, tax policy and administration , finance andbusiness management.Dr . Forson is an Oxford-trained tax professional with a Master of Science degree in Taxation from the Universityof Oxford, UK and a Fellow of the Chartered InsAtute of TaxaAon, Ghana.He also holds a Bachelor of Science degree in Accounting from London South Bank University and i...