Finance Minister Dr. Cassiel Ato Forson has stated that the government has introduced approximately 22 laws in the past 18 months to embed its economic reforms in legislation and safeguard the stability that Ghanaians have worked hard to restore.
Speaking at a New Economy engagement at the University of Ghana, Dr. Forson said the measures are designed to prevent future administrations from reversing the gains achieved and plunging the country back into the economic difficulties experienced between 2022 and 2024.
He was responding to a question from Prof. Fred Dzanku, Head of the Economics Division at the Institute of Statistical, Social and Economic Research (ISSER), who asked how the government’s policies could be institutionalised for long-term impact.
“I try to introduce a lot of laws. In the last 18 months, we have introduced about 22 laws,” Dr. Forson said.
The Minister explained that the approach includes the introduction of new laws, the repeal of existing ones and targeted amendments aimed at protecting the reforms against reversal.
“We are trying to put these reforms into law,” he said.
In addition, the government is seeking amendments that would require a two-thirds parliamentary majority to alter certain laws, thereby raising the threshold for any future rollback.
“So we are locking in the progress,” he added.
Dr. Forson noted that his dual experience in Parliament and policy formulation has given him particular insight into the challenge of sustaining reforms across successive governments.
“I am in a unique position to understand how the issue of sustainability can be tackled because of my parliamentary experience and policy experience,” he said.
He emphasised that reforms not anchored in law remain vulnerable to change, which is why the administration is converting key policy commitments into legal obligations. Ongoing amendments to the Public Financial Management (PFM) Act form part of this broader effort.
“So the PFM Act is being amended. Some of the things we are doing are being institutionalised and we are putting it into law to lock in the sustainability,” he said.
