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Borrowing will only fund transformative projects as debt sustainability improves – Finance Minister

 Finance Minister Dr. Cassiel Ato Forson has assured that Ghana’s borrowing strategy will remain disciplined and focused on transformation, as the country records significant progress in debt sustainability.

He made this known during a meeting with the President of the Arab Bank for Economic Development in Africa (BADEA), Abdullah KH ALMUSAIBEEH, in Accra.

Dr. Forson stressed that new borrowing will be directed strictly towards projects with lasting economic and social impact, rather than consumption.

Ghana’s total public debt declined from GH¢763.8 billion (64.9% of GDP) in July 2024 to GH¢628.8 billion (44.9% of GDP) in July 2025, according to data from the Bank of Ghana.

Highlighting infrastructure as a key priority, the Minister pointed to the planned Accra–Kumasi motorway project, explaining that feasibility studies are underway and the road is expected to be completed within two and a half years.

On his part, BADEA President ALMUSAIBEEH commended the Minister’s focus on sustainability and transformation, and pledged the Bank’s readiness to support large-scale projects of such economic importance.

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