Ghana’s economy on the Rise, government committed to paying debt - Ato Forson
19th December 2025
The Minister for Finance, Dr. Cassiel Ato Forson, has reiterated the government’s commitment to prudent financial management, emphasizing that Ghana’s economy is showing tangible progress under the current administration.
Speaking during the debate on the Appropriation Bill No. 2, 2025, in Parliament on Thursday, December 18, Dr. Forson highlighted that the economic gains achieved so far are widely recognized across the political spectrum.
“Everyone in this chamber acknowledges that President Mahama has made significant progress in this economy. Even our colleagues on the other side know that Ghana is moving forward,” he stated.
Dr. Forson stressed that fiscal discipline remains a cornerstone of government policy, countering claims that the administration is engaging in wasteful spending.
He also addressed discussions surrounding the potential acquisition of a presidential jet, arguing that purchasing an aircraft may be more cost-effective than continuous leasing.
“We have been prudent, and we will continue to be prudent. I heard a colleague suggest that a prudent government is planning to buy a presidential jet. But the reality is that buying can be more economical than renting, and the cost of acquisition is comparable to what was spent on aircraft leasing under the previous administration,” he explained.
The Finance Minister further assured Parliament that the government is committed to meeting Ghana’s debt obligations, including a significant Eurobond payment inherited from the previous administration.
Dr. Forson noted that the government is scheduled to service a US$710 million Eurobond on January 3, 2026, despite inheriting a challenging fiscal situation.
“When our predecessors left office, they left behind a substantial debt. This debt has been restructured, and on January 3, 2026, the government will need to service the Eurobond amounting to US$710 million. This budget ensures that obligation will be met,” he said.
He concluded by reaffirming the government’s dedication to fiscal responsibility, saying, “We are going to pay the debt you left behind while maintaining discipline in public spending.”