Finance Minister Dr. Cassiel Ato Forson has indicated that future government borrowing will be strictly aligned with projects that deliver long-term economic and social value, as Ghana works to consolidate debt sustainability and restore fiscal discipline.
Speaking during a courtesy call by the President of the Arab Bank for Economic Development in Africa (BADEA), H.E. Abdullah Kh Almusaibeeh, Dr. Forson stressed that the days of borrowing for recurrent expenditure are over.
“I will not borrow for consumption but for transformative projects,” he emphasized, noting that such investments are key to strengthening Ghana’s growth trajectory.
Dr. Forson disclosed that feasibility studies are underway for the construction of a new Accra–Kumasi motorway, which he described as a flagship national infrastructure priority expected to be completed within two and a half years.
He added that the project forms part of a broader strategy to channel external financing into ventures that enhance productivity, competitiveness, and investor confidence.
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.
Ghana’s public debt stock rose by GH¢15.8 billion in July 2025, reaching GH¢628.8 billion ($59.9 billion).
The increase, 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.
