Finance Minister Dr. Cassiel Ato Forson has stated that future government borrowing will be strictly tied to projects that provide long-term economic and social benefits, as Ghana aims to enhance debt sustainability and restore fiscal discipline.
During a courtesy visit from the President of the Arab Bank for Economic Development in Africa (BADEA), H.E. Abdullah Kh. Almusaibeeh, Dr. Forson emphasized that the era of borrowing for recurrent expenditures has come to an end.
“I will not borrow for consumption but for transformative projects,” he asserted, highlighting that such investments are crucial for bolstering Ghana’s growth trajectory.
Dr. Forson revealed that feasibility studies are currently underway for the construction of a new Accra–Kumasi motorway, which he referred to as a flagship national infrastructure priority, anticipated to be completed within two and a half years.
He further noted that this project is part of a larger strategy to direct external financing towards initiatives that improve productivity, competitiveness, and investor confidence.
The BADEA President, H.E. Almusaibeeh, expressed support for Ghana’s emphasis on impactful investments and reaffirmed the Bank’s dedication to backing projects that promote sustainable development throughout Africa.
Ghana’s public debt stock increased by GH¢15.8 billion in July 2025, reaching GH¢628.8 billion ($59.9 billion).
This rise, which represents 44.9% of Gross Domestic Product (GDP), follows three consecutive months of declines attributed to the significant appreciation of the cedi earlier in the year.
