Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has disclosed that the government is obligated to repay GHS150.3 billion in domestic debt over the next four years.
Ghana government’s substantial debt is attributed to the previous Akufo-Addo administration and falls under the Domestic Debt Exchange Programme (DDEP).
Dr. Forson showed the repayment schedule in an appearance interview that displayed large debt amounts which would be due in upcoming years.
According to him , Ghana government must pay back GHS150.3 billion of national debt throughout the next four years with 2027.
About GHS57.6 billion is required in payments and 2028 needing GHS52.5 billion in repayments.
Dr. Forson indicated his worry about the financial status of the energy sector following his discussions about debt repayment responsibilities.
He also disclosed that GHS28 billion from the 2025 budget supports the sector yet the government faces annual deficits which exceed $2 billion.
The current energy sector faces a situation of complete collapse which we received from past generations.
He also mentioned that GHS28 billion from the 2025 budget supports the energy sector.
The reported figures demonstrate how the government must balance its debt repayment responsibilities.
The financial troubles in the energy sector exceed $2 billion annually which creates additional difficulties for the fiscal situation.
The GHS28 billion energy sector funding in the 2025 budget seeks to stabilize power generation which enables continuous power supply.
Therefore, necessary solutions combines prudence in finance control with diversity of economic sectors and increased tax collection.
The Ghana government plans to partner with private sector entities for attracting investments.
Public education about the situation and active involvement of stakeholders play an essential role in resolving current financial problems.
The debt situation requires open communication with the public about both debt details and implemented measures in order to gain trust and backing for reform initiatives.
The national debt repayment obligations totaling GHS150.3 billion for the next four years will be a major financial challenge for Ghana.
The government operates between financial stability and sustainable development while confronting the energy sector challenges and domestic debt repayment needs.
