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Gov’t builds GHS16.6 billion buffer to protect economy from global shocks – Ato Forson

by theoverseeronline.com
July 23, 2026
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2027 budget to fund permanent flood control measures – Finance Minister
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Finance Minister Dr Cassiel Ato Forson has announced that the government has accumulated a GHS16.6 billion financial buffer to help shield Ghana’s economy from external shocks and strengthen the country’s fiscal resilience.

Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, Dr Forson said the reserve would play a critical role in meeting the country’s debt obligations, including the GHS30 billion debt repayment due in February 2027.

According to the Finance Minister, the fund is designed to bolster Ghana’s international reserves, support the stability of the cedi and cushion the economy against global economic uncertainties.

He noted that these are contained oin the sinking fund thereby commending the NDC administration for setting the Sinking Fund years ago.

He disclosed that the government is on course to accumulate GHS30 billion in the Sinking Fund by the end of 2026, ensuring that sufficient resources are available to honour upcoming debt repayments without disrupting economic stability.

Dr Forson also revealed that since 2025, Ghana has paid US$2.1 billion in principal to Eurobond holders, describing the payments as evidence of the government’s commitment to prudent debt management and restoring investor confidence.

He maintained that the measures form part of broader efforts to safeguard the economy, maintain macroeconomic stability and position Ghana to withstand future international financial shocks

Tags: Ato Forsonbuffersmid-year budget
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