President John Dramani Mahama has announced that the government is currently working to reopen Ghana’s stock market.
He stated that the government is doing this in collaboration with the International Monetary Fund (IMF), development partners, the Ghana Stock Exchange and local banks.
He was, however, quick to add that future borrowing will be linked to self-financing, commercially viable projects, particularly by Metropolitan, Municipal, and District Chief Executives (MMDCAs) and State-Owned State Enterprises (SOEs), ensuring value for money and sustainable repayment.
President Mahama disclosed that his government will strengthen sovereign funds and local government financing by amending the Public Financial Management Act and constitution to make the contribution to the Sinking and Stabilisation Funds mandatory and not optional.
This will require that a certain percentage of funds must be committed to the Sinking and Stabilisation Funds, he noted.
He assured that his government will empower them to issue infrastructure bonds secured against the portion of their district assemblies’ common fund to fund infrastructural projects such as roads, schools, water systems and local industries in their districts.
President Mahama made the remarks when opening the 9th Ghana CEOs Summit at the Kempinski Hotel on May 26, 2025, in Accra.
By: Rainbowradioonline.com/Ghana
