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July 9, 2026
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Government eyes growth after completing fiscal consolidation — Ato Forson
Money
Policy
Opportunity
Growth
Key Points
- The government has begun setting aside funds to meet a GH¢54 billion Domestic Debt Exchange Programme (DDEP) repayment obligation due next year.
- Finance Minister Dr. Ato Forson confirmed GH¢10 billion was paid to bondholders in February, with another GH¢10 billion scheduled for early August, and a substantial GH¢39 billion due in February next year.
- This proactive debt management strategy aims to prevent a repeat of the 2022 debt crisis and strengthen fiscal credibility.
- Ghana has completed 18 months of a two-year fiscal consolidation program and plans to shift focus to economic growth and job creation thereafter.
- The government also recently announced the early settlement of a $700 million Eurobond obligation, reducing 2025 external debt service payments.
Why This Matters
This article is crucial for Ghana as it details the government's proactive efforts to manage its significant debt obligations, particularly under the DDEP. Successfully meeting these payments is vital for maintaining macroeconomic stability, restoring investor confidence, and avoiding another painful debt default. The planned shift from fiscal consolidation to economic growth also signals the government's long-term vision for job creation and prosperity after a period of austerity.
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