The Minister for Finance, Dr. Cassiel Ato Forson, has reiterated the government’s dedication to responsible financial management, asserting that Ghana’s economy is experiencing tangible advancements under the current administration.
During the discussion on the Appropriation Bill No. 2, 2025, in Parliament on Thursday, December 18, Dr. Forson remarked that the improvements observed in the economy are clear and recognized across the political spectrum.
“Everyone in this chamber acknowledges that President Mahama has achieved notable progress in this economy. Even our colleagues on the opposite side are aware that Ghana is advancing,” he expressed.
Dr. Forson emphasized that fiscal discipline is a fundamental aspect of government policy, rejecting allegations that the administration is engaging in wasteful practices.
He defended the conversations regarding the potential purchase of a presidential jet, contending that acquiring an aircraft could be more economical than ongoing leasing arrangements.
“We have exercised prudence, and we will persist in doing so. I heard my colleague claim that a prudent government is planning to purchase a presidential jet. However, the reality is that buying is preferable to renting, and the cost of acquisition is comparable to what was spent on leasing aircraft during the previous administration. This fact is evident to all,” he stated.
The Finance Minister also assured Parliament that the government would fulfill Ghana’s debt obligations, including a significant Eurobond payment inherited from the prior administration.
He indicated that the government is prepared to service a US$710 million Eurobond on January 3, 2026, despite the difficult fiscal circumstances it faced upon assuming office.
“When our colleagues departed from the office, they left us with a substantial debt. A debt that has been restructured to the point that on January 3, 2026, the government will need to service the Eurobond it borrowed, amounting to US$710 million. That debt is due for servicing, and this budget will address that,” Dr. Forson informed the House.
He ended by emphasizing the government’s commitment to fulfilling its financial responsibilities while upholding discipline in public expenditure, stating, “We will settle the debt you left behind.”
