The Minister for Finance, Dr Cassiel Ato Forson, has reiterated the government’s commitment to prudent financial management.
He claimed that the economy is making measurable progress under the current administration.
The minister made the remarks while contributing to the debate on the Appropriation Bill No. 2, 2025, in Parliament on Thursday, December 18, 2025.
“Everyone in this chamber believes that President Mahama has made significant progress in this economy. Even our colleagues opposite know that Ghana is making progress,” he said.
He explained that the government will maintain fiscal discipline since that is the central pillar of government policy, dismissing claims that the administration was being wasteful.
Meanwhile, the minister has defended why the government is purchasing a presidential jet.
According to him, purchasing an aircraft could be more cost-effective than continuous leasing.
“We have been prudent, and we will continue to be prudent. I heard my colleague say that a government which is prudent is planning to buy a presidential jet. But the fact remains that it is better to buy than to rent, and the cost of buying is equivalent to what was spent on renting aircraft under the previous administration. That fact is there for all to see,” he added.
He went on in assuring that the government would honour Ghana’s debt obligations, including a major Eurobond payment inherited from the previous administration.
He stated that the government is set to service a US$710 million Eurobond on January 3, 2026, despite the challenging fiscal situation it assumed upon taking office.
“When our colleagues were leaving the office, they left us with a big debt. A debt that has been restructured to the extent that on January 3, 2026, the government will have to service the Eurobond it borrowed to the tune of US$710 million. That debt is due for us to service, and this budget is going to pay that.”
By: Rainbowradioonline.com/Ghana
