{"id":146522,"date":"2025-09-19T02:05:09","date_gmt":"2025-09-19T02:05:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/146522\/"},"modified":"2025-09-19T02:05:09","modified_gmt":"2025-09-19T02:05:09","slug":"government-to-channel-loans-into-long-term-economic-gains","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/146522\/","title":{"rendered":"Government to channel loans into long-term economic gains"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Government-to-channel-loans-into-long-term-economic-gains-Dr-Ato-Forson-2001295?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/09\/77418181.295.jpg\" alt=\"Dr Cassiel Ato Forson is the Minister of Finance\" title=\"Dr Cassiel Ato Forson is the Minister of Finance\" width=\"295\" height=\"182\" \/> <\/a>Dr Cassiel Ato Forson is the Minister of Finance<\/p>\n<p id=\"article-123\">The Minister of Finance, Dr <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=2581\" rel=\"nofollow noopener\">Cassiel Ato Forson<\/a>, has reaffirmed the government\u2019s commitment to responsible borrowing, stressing that future loans will be directed solely towards projects that deliver long-term economic and social values.<\/p>\n<p>According to him, Ghana has moved past the era of borrowing for recurrent expenditure.<\/p>\n<p>Dr Forson made this known during a meeting with the President of the Arab Bank for Economic Development in Africa (BADEA), Abdullah Kh Almusaibeeh.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Cedi-weakens-further-to-sell-at-GH-12-25-to-1-on-interbank-market-2001213\" target=\"_blank\" rel=\"nofollow noopener\">Cedi weakens further to sell at GH\u00a212.25 to $1 on interbank market<\/a> <\/p>\n<p>\u201cI will not borrow for consumption but for transformative projects,\u201d the minister stated.<\/p>\n<p>He added that strategic investments remain critical to strengthening Ghana\u2019s growth prospects.<\/p>\n<p>One of such projects, he revealed, is the proposed construction of a new Accra\u2013Kumasi Motorway. <\/p>\n<p>He noted that feasibility studies are currently ongoing, with the project expected to be completed within two and a half years. <\/p>\n<p>Dr Forson described it as a flagship national priority that would significantly boost productivity, competitiveness, and investor confidence.<\/p>\n<p>On his part, BADEA President Almusaibeeh welcomed Ghana\u2019s renewed focus on impactful development, assuring that the bank is ready to support projects that drive sustainable growth across Africa.<\/p>\n<p>The announcement comes at a time when Ghana\u2019s public debt stock has risen by GH\u00a215.8 billion in July 2025, reaching GH\u00a2628.8 billion ($59.9 billion). <\/p>\n<p>This represents 44.9% of Gross Domestic Product (GDP), following three months of declines earlier in 2025 due to the strong appreciation of the Ghana cedi.<\/p>\n<p>SSD\/AE<\/p>\n<p>Watch the latest edition of BizTech below:<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Dr Cassiel Ato Forson is the Minister of Finance The Minister of Finance, Dr Cassiel Ato Forson, has&hellip;\n","protected":false},"author":2,"featured_media":146523,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-146522","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/146522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=146522"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/146522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/146523"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=146522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=146522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=146522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}