Government is set to repay a total of GHC150.3 billion in domestic debt over the next four years, the Finance Minister, Dr. Cassiel Ato Baah Forson, has disclosed.
This, he says, is due to the Domestic Debt Exchange Programme (DDEP) inherited from the erstwhile Akufo-Addo/Bawumia administration.
The Minister has shed light on the repayment obligations and the significant amounts that need to be honoured in the coming years.
“We have domestic bonds that we inherited. In the next four years put together, we have to repay GHC150.3 billion, of which in 2027 alone we have to repay debt of GHC57.6 billion, and in 2028 we have to repay GHC52.5 billion,” he said on Channel One TV Wednesday, March 12, 2025.
He also highlighted on the challenges in the energy sector, underscoring the need for an urgent financial intervention to salvage the sector.
With annual shortfalls at the sector exceeding US$2billion, the Minister pointed out that the government has allocated GHC28billion in the 2025 Budget Statement and Economic Policy to support the sector.
“We have inherited an energy sector that is on its knees. An energy sector that is throwing out an annual shortfall of in excess of $2 billion every single year that the state must look for money and finance. In the 2025 budget, I have provisioned GHS28 billion to support the energy sector,” he stated.
He added that failure by the government to do that would have led to further sectorial challenge by close of the year due to the sorry state the current government inherited the sector from the previous administration.
“If we had failed to do that, the energy sector by year-end would have seen difficulties, problems, and this is something we inherited,” he explained.
The Finance Minister’s remarks underscore the financial strain facing the government as it navigates both debt repayment obligations and the energy sector crisis.
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