As the Government of Ghana works to consolidate debt sustainability and restore fiscal discipline, the Finance Minister, Dr Cassiel Ato Forson, has declared that future government borrowing will be strictly aligned with projects that deliver long-term economic and social value.
Dr. Forson, speaking during a courtesy call by the President of the Arab Bank for Economic Development in Africa (BADEA), H.E. Abdullah Kh Almusaibeeh, stressed that the days of borrowing for recurrent expenditure are over.
Currently, feasibility studies are underway for the construction of a new Accra–Kumasi motorway, a flagship national infrastructure priority expected to be completed within two and a half years. The project forms part of a broader strategy to channel external financing into ventures that enhance productivity, competitiveness, and investor confidence.
“I will not borrow for consumption but for transformative projects,” Dr Ato Forson emphasized, noting that such investments are key to strengthening Ghana’s growth trajectory.
The BADEA President, H.E. Almusaibeeh, welcomed Ghana’s focus on impactful investments and reiterated the Bank’s commitment to supporting projects that drive sustainable development across Africa.
According to latest figures from the ministry, Ghana’s public debt stock rose by GH¢15.8 billion in July 2025, reaching GH¢628.8 billion (US$59.9 billion).
The increase, which makes the public debt equivalent to 44.9% of Gross Domestic Product (GDP), comes after three consecutive months of declines driven by the strong appreciation of the cedi earlier in the year.
