Finance Minister Holds First Investor Town Hall Since 2021 to Rebuild Confidence in Ghana’s Economy
Cassiel Ato Forson Highlights Strong Macroeconomic Recovery, Debt Servicing Record, and Proactive Liability Management Strategies
The Ministry of Finance has successfully held its first major investor town hall engagement since 2021, bringing together investors, bankers, and bond market specialists as part of efforts to restore confidence in Ghana’s economy and debt market.
In his welcome remarks, Chief Director Patrick Nomo described the forum as a significant milestone, expressing strong optimism that Ghana would not slide back into debt default. He reaffirmed the Ministry’s commitment to transparency, policy credibility, and regular engagement with the investor community.
Minister’s Assurance of Recovery
Finance Minister Dr. Cassiel Ato Forson assured participants that the economy is firmly on a recovery path, supported by improving macroeconomic fundamentals and disciplined fiscal management.
He highlighted key achievements since the Domestic Debt Exchange Programme (DDEP), including:
- Successful completion of successive IMF programme reviews with disbursements exceeding US$700 million
- Sovereign credit rating upgrade to B- with stable outlook
- Timely servicing of both domestic and external debt obligations, including over US$1.4 billion in Eurobond payments in 2025
Dr. Forson noted that inflation has declined sharply to a multi-year low of 3.3%, while economic growth has rebounded strongly, driven by expansion in the real sector. He added that fiscal consolidation remains on track, with a primary surplus achieved without cutting critical social and infrastructure spending.
2026 Macroeconomic Framework
Outlining the 2026 economic targets, the Minister described them as “credible and achievable”. He emphasised that revenue mobilisation is increasingly driven by domestic sources, with non-oil tax revenue now accounting for over 80% of total inflows.
On the debt front, Dr. Forson detailed proactive liability management measures aimed at addressing refinancing risks, especially the large 2027 and 2028 maturities. Government is building buffers through the Sinking Fund, setting aside portions of non-oil tax revenue, and implementing debt reprofiling to smooth the maturity profile and reduce interest costs.
He also announced reforms to enhance transparency, including regular publication of issuance calendars, improved communication with market participants, and measures to strengthen cash buffers for orderly domestic bond market operations after the expiration of DDEP-related restrictions.
Positive Investor Feedback
An interactive session followed the presentations, during which participants engaged the Minister and his team on fiscal policy, debt sustainability, and market outlook. Many investors and financial institutions expressed renewed confidence in the management of Ghana’s economy and welcomed the government’s renewed commitment to transparency and sustained engagement.
The town hall is expected to be the first in a series of regular engagements aimed at keeping the investor community well-informed and involved in Ghana’s economic recovery journey.
Source: Ministry of Finance Investor Town Hall (March 25, 2026)
