Finance Minister Reaffirms Commitment to Transformative Projects Despite Fiscal Pressures
Minister for Finance, Dr. Cassiel Ato Forson, has reaffirmed government’s commitment to investing in transformative infrastructure projects to secure Ghana’s long-term growth, despite ongoing fiscal challenges.
Speaking during a courtesy call by the President of the Arab Bank for Economic Development in Africa (BADEA), H.E. Mr. Abdullah KH ALMUSAIBEEH, Dr. Forson commended the Bank’s longstanding support for Ghana, particularly in the social sector, describing its contributions as “a blessing.”
The Finance Minister disclosed that feasibility studies have commenced for the construction of a new Accra–Kumasi motorway, which he described as a top national priority. According to him, the project is expected to be completed within two and a half years once works commence.
Dr. Forson underscored that government’s current approach to borrowing will be anchored on debt sustainability and efficiency. “I will not borrow for consumption but for transformative projects like this,” he stressed, adding that borrowing will be strictly targeted at projects with lasting economic and social impact.
For his part, BADEA President, H.E. Mr. ALMUSAIBEEH, welcomed the Minister’s proposals and reiterated the Bank’s commitment to supporting impactful and transformative projects in Ghana.
The Minister’s remarks come at a time when Ghana is seeking to balance fiscal consolidation with infrastructure investment, as the economy gradually stabilises under the country’s ongoing IMF programme.
