{"id":291422,"date":"2025-11-14T16:10:10","date_gmt":"2025-11-14T16:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/291422\/"},"modified":"2025-11-14T16:10:10","modified_gmt":"2025-11-14T16:10:10","slug":"im-not-in-a-hurry-to-borrow","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/291422\/","title":{"rendered":"‘I’m not in a hurry to borrow’"},"content":{"rendered":"

\"Dr <\/a>Dr Cassel Ato Forson is the Minister of Finance<\/p>\n

Finance Minister, Dr Cassiel Ato Forson<\/a>, has stated that he has no intention of rushing Ghana back to the international capital market for loans.<\/p>\n

He has argued that the country must break its long-standing cycle of excessive and imprudent borrowing.<\/p>\n

Speaking on Joy News\u2019 PM Express on November 13, 2025, Ato Forson said external borrowing has weakened the economy over the years.<\/p>\n

\u201cIt has been Ghana\u2019s problem, borrowing, borrowing, sometimes borrowing for consumption,\u201d he said.<\/p>\n

FULL TEXT: Finance Minister presents 2026 Budget statement<\/a><\/p>\n

He emphasized that the days of frequent and unrestrained foreign borrowing are over.<\/p>\n

\u201cI\u2019m not one of those people. I\u2019m not in a hurry to go to the capital market to borrow, no way,\u201d he added.<\/p>\n

According to the minister, any borrowing undertaken under his leadership will focus on domestic options.<\/p>\n

\u201cIf I\u2019m to take money, obviously there\u2019s a budget, there\u2019s a deficit to an extent, and you have to finance the deficit. I will take it domestically,\u201d he explained.<\/p>\n

Ato Forson said Ghana must invest in building its own financing structures, particularly for infrastructure development. <\/p>\n

He proposed the establishment of a domestic infrastructure board funded in cedis, which would allow individuals and institutions to invest directly in national projects.<\/p>\n

\u201cWe should be able to borrow and set up a domestic infrastructure board in cedi, so that if you have money and you want to support infrastructure, you should be able to support government,\u201d he said.<\/p>\n

He argued that such a model would be safer and more cost-effective than relying on volatile international markets.<\/p>\n

Although he acknowledged that some future liability management may require limited external engagement, he insisted that the era of routine large-scale borrowing must end.<\/p>\n

2026 Budget: ‘Government will complete 10 Agenda 111 hospitals’ – Ato Forson<\/a><\/p>\n

\u201cThe appetite is not going into the capital market just to borrow. Like in the past, we saw it three billion every year\u201d, he stated.<\/p>\n

Dr Forson noted that any borrowing going forward must be strategic and targeted at promoting economic growth.<\/p>\n

\u201cYou want to borrow smart. What does that mean? Borrow for things that you think the multiplier is better. Let me put it simpler: not to borrow for shopping, okay borrow for growth\u201d, he indicated.<\/p>\n

MRA\/EB<\/p>\n

Ghana Armed Forces gives details of stampede which led to the death of six people<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Dr Cassel Ato Forson is the Minister of Finance Finance Minister, Dr Cassiel Ato Forson, has stated that…\n","protected":false},"author":2,"featured_media":92825,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-291422","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/291422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=291422"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/291422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/92825"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=291422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=291422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=291422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}