Finance Minister Dr. Cassiel Ato Forson has said Ghana will take a more disciplined approach to financing development projects as the country works to protect debt sustainability and prevent another debt crisis.<\/p>\n
He made the comments during the Fifth Session of the Ghana\u2013China Joint Commission on Economic, Trade and Technical Cooperation.<\/p>\n
\u201cGhana will now proceed with discipline. We will not borrow simply because financing is available,\u201d Dr. Forson said.<\/p>\n
He stressed that every project must be economically justified, transparently procured and capable of supporting growth, generating revenue or reducing costs.<\/p>\n
According to the Finance Minister, infrastructure projects, including roads, railways, power plants and industrial enclaves, must deliver measurable benefits to the Ghanaian economy.<\/p>\n
\u201cAny road, railway, power plant, industrial enclave or other infrastructure financed through this cooperation must improve productivity, create jobs, increase exports and strengthen Ghana\u2019s ability to repay its obligations,\u201d he said.<\/p>\n
Dr. Forson added that the government would diversify its financing sources while protecting debt sustainability.<\/p>\n
\u201cWe will diversify our financing sources, protect debt sustainability and avoid a return to the conditions that led to the 2022 debt crisis,\u201d he stated.<\/p>\n","protected":false},"excerpt":{"rendered":"
Finance Minister Dr. Cassiel Ato Forson has said Ghana will take a more disciplined approach to financing development projects as the country works to protect debt sustainability and prevent another debt crisis. He made the comments during the Fifth Session of the Ghana\u2013China Joint Commission on Economic, Trade and Technical Cooperation. \u201cGhana will now proceed […]<\/p>\n","protected":false},"author":123457,"featured_media":17580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[41],"tags":[3288,5521,5522],"class_list":["post-17579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-news","tag-dr-cassiel-ato-forson","tag-ghana-china-joint-commission-on-economic","tag-trade-and-technical-cooperation"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/123457"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17579"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17579\/revisions"}],"predecessor-version":[{"id":17581,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17579\/revisions\/17581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/17580"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}