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Finance Minister Cassiel Ato Forson has announced that Ghana has achieved a moderate risk of debt distress for the first time since 2013, signaling a major improvement from previously unsustainable debt levels.
Speaking in Parliament on Tuesday, May 26, while presenting four key statutory reports, Dr. Forson said the development demonstrates the government’s commitment to transparency, accountability, and prudent economic management.
“Mr. Speaker, I’m proud to inform the House that Ghana has moved from unsustainable debt to high risk of debt distress, and now to a moderate risk of debt distress, for the first time since 2013,” he stated.
The Finance Minister presented reports covering the administration and utilisation of energy sector levy proceeds, petroleum receipts and transfers, and the implementation of public-private partnership initiatives across various sectors.
Dr. Forson also submitted the reconciliation report on the Petroleum Holding Fund for the 2025 fiscal year, noting that the submission complies with the Petroleum Revenue Management Act. The report provides a detailed account of petroleum revenues received by the state and how these funds were used, particularly in relation to energy sector debt recovery.
“Mr. Speaker, this report details how monies accrued from petroleum taxes were utilised, especially in managing the energy sector debt recovery,” he explained.
He added that further information from the report would be shared with the relevant parliamentary committee during deliberations.
“The details are in the report and have been presented to the Committee. When invited, we will provide a full presentation,” Dr. Forson concluded.
Story by Efua Nessa