Ghana’s Finance Minister Assures Capital Market Reopening and Debt Repayment Commitment

Finance Minister, Dr. Cassiel Ato Forson, emphasized the importance of reopening Ghana’s capital markets, highlighting the significant role of pension funds in restoring investor confidence and stabilizing the economy. Forson assured the public that under his leadership, Ghana will not default on its financial obligations, reaffirming that the government is dedicated to meeting its debt commitments, including those due in 2027 and 2028.

During a meeting with pension fund representatives, Dr. Forson outlined the government’s proactive steps, such as establishing a sinking fund to support long-term bonds. He stressed that reopening the capital market would be beneficial for controlling inflation, stabilizing the cedi, and restoring confidence in Ghana’s financial markets.

Pension fund representatives expressed cautious optimism about the capital market reopening initiative, acknowledging potential benefits but raising concerns based on previous experiences. The meeting, attended by Dr. Rashid Pelpuo and Thomas Ampem Nyarko, indicated a willingness to cooperate, while emphasizing the need to address past issues.

In response to these concerns, Dr. Forson reassured stakeholders that the government is committed to building a resilient and sustainable financial system, ensuring that the reopening of the capital market would serve the best interests of all parties involved.

source: citi newsroom