The Minister for Finance, Dr Cassiel Ato Forson, has reaffirmed the government’s commitment to fiscal discipline, stating that Ghana’s economy is steadily improving under President John Dramani Mahama’s administration.
Speaking during parliamentary deliberations on the Appropriation Bill No. 2, 2025, on Thursday, December 18, Dr Forson said the positive trajectory of the economy is evident and recognised even by members of the opposition.
According to him, progress made so far transcends partisan lines. “Everyone in this chamber knows that President Mahama has made meaningful progress in the economy. Even colleagues on the other side are aware that Ghana is moving forward,” he told Parliament.
Dr Forson dismissed claims that the government is being fiscally reckless, stressing that prudence remains a core principle guiding economic decisions. He defended ongoing discussions about the potential acquisition of a presidential jet, explaining that purchasing an aircraft could be more economical in the long term than continuous leasing.
“We have been prudent and will remain prudent,” he said. “The suggestion that a prudent government cannot consider buying a presidential jet is misleading. When you compare the costs, buying is no more expensive than what was spent on leasing aircraft under the previous administration. The facts are clear.”
The Finance Minister also assured Parliament that the government is fully committed to meeting Ghana’s debt obligations, including a major Eurobond payment inherited from the previous administration.
He disclosed that the country is scheduled to service a US$710 million Eurobond on January 3, 2026, despite the fiscal pressures the current government inherited upon assuming office.
“When our colleagues exited office, they left behind significant debt. That debt has since been restructured, and on January 3, 2026, we are required to service a US$710 million Eurobond. This budget makes provision for that payment,” Dr Forson explained.
He concluded by reiterating the government’s determination to honour all financial commitments while maintaining strict control over public expenditure. “We will pay the debt we inherited, and we will do so with discipline,” he stated.
