The Minister of Finance, Dr Cassiel Ato Forson, has emphasised that Ghana’s debt sustainability has improved significantly.
He noted that borrowing going forward would be strictly targeted at projects with lasting economic and social impact.
“I will not borrow for consumption but for transformative projects like this,” he said in a meeting with the President of the Arab Bank for Economic Development in Africa (BADEA), H.E. Mr. Abdullah KH ALMUSAIBEEH.
Dr Forson reaffirmed the government’s commitment to investing in transformative projects that will secure Ghana’s future, despite the country’s tight fiscal space.
The Minister also revealed that government has begun feasibility studies for a new Accra–Kumasi motorway, which he described as a top national priority. He explained that the motorway is expected to be completed within two and a half years.
BADEA President H.E. Mr. ALMUSAIBEEH welcomed the Minister’s proposals and expressed the Bank’s willingness to support impactful projects.
