Foreign Affairs Minister Samuel Okudzeto Ablakwa has expressed deep concerns over Ghana’s mounting debt crisis, warning that it is severely affecting the country’s ability to meet its international obligations.
Speaking on Joy FM’s Super Morning Show on Friday, February 28, Ablakwa revealed that the Foreign Ministry alone is burdened with outstanding arrears of approximately GH₵453 million. These debts include unpaid contributions to key international organizations such as ECOWAS, the African Union (AU), and the United Nations (UN), which are essential for Ghana’s active participation in global affairs.
“The debt situation is really frightening. The Foreign Ministry has not been spared. We have met colossal arrears of about GH₵453 million, largely from unpaid commitments to international organizations and pending projects,” he disclosed.
Ablakwa warned that Ghana’s failure to settle these debts could strain its diplomatic relations and undermine its influence in international decision-making bodies. He also revealed that the financial crisis has forced the government to make difficult budgetary decisions, including suspending major projects.
In the preparation of the 2025 national budget, the Foreign Ministry initially requested GH₵3.3 billion but had to significantly reduce its proposal due to the pressing need to clear outstanding arrears.
“We had to slash our budget considerably after our first management meeting. The priority now is settling our arrears before we can focus on new projects,” he added.
The revelation underscores the broader impact of Ghana’s economic challenges, with concerns growing over how the government will navigate the crisis while maintaining its commitments on the global stage.
