Finance Minister Dr Cassiel Ato Forson has stated that Ghana will adopt a more disciplined approach to financing development projects and will no longer borrow because funding is available.
Speaking at the Fifth Session of the Ghana–China Joint Commission on Economic, Trade and Technical Cooperation in Accra, Dr Forson said the government remains committed to protecting debt sustainability and preventing a recurrence of the country’s debt crisis.
“Ghana will now proceed with discipline. We will not borrow simply because financing is available. The country is working to protect debt sustainability and prevent another debt crisis,” he stated.
In addition, he emphasised that every project must be economically viable, transparently procured, and capable of supporting growth, generating revenue, or reducing costs.
“Any road, railway, power plant, industrial enclave, or other infrastructure financed through this cooperation must improve productivity, create jobs, increase exports, and strengthen Ghana’s ability to repay its obligations.”
