Finance Minister Ato Forson has declared that Ghana’s debt position has made significant progress, insisting that future borrowing will be directed solely toward transformative investments.
Speaking after a meeting with the President of the Arab Bank for Economic Development in Africa (BADEA), H.E. Mr. Abdullah KH ALMUSAIBEEH, the Finance Minister said, “Ghana’s debt sustainability has improved significantly, and borrowing going forward will be targeted at transformative projects like these.”
Forson highlighted ongoing feasibility studies for a new Accra–Kumasi motorway, which government plans to complete within two and a half years.
He said such landmark infrastructure projects are critical to economic growth and justify the strategic use of external financing.
He further commended BADEA for its longstanding partnership, particularly in supporting Ghana’s social sector, which he described as an “investment in our future.”
Despite the current tight fiscal space, Forson stressed that the government remains committed to investing in the real sector, while deepening engagement with institutions like BADEA to secure funding for projects that will deliver long-term economic value.
“We look forward to engaging BADEA further to explore their support for this landmark road project,” he noted.
