Finance Minister Dr. Cassiel Ato Forson has assured that Ghana’s borrowing strategy will remain disciplined and targeted at transformative initiatives, as the country records significant progress in debt sustainability.
Speaking during a meeting with the President of the Arab Bank for Economic Development in Africa (BADEA), H.E. Abdullah KH ALMUSAIBEEH, in Accra, Dr. Forson emphasized that future borrowing will be directed strictly toward projects with lasting economic and social impact, not for consumption.
According to the Bank of Ghana, 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.
Highlighting infrastructure as a key priority, Dr. Forson cited the planned Accra–Kumasi motorway project, noting that feasibility studies are ongoing and the road is expected to be completed within two and a half years.
For his part, BADEA President H.E. ALMUSAIBEEH commended Ghana’s focus on sustainability and pledged the Bank’s support for large-scale projects of significant economic value.
Source: Raymond Acquah
