The government needs GHS10.5 billion to resolve lingering financial sector challenges and mitigate associated risks, Finance Minister Dr. Cassiel Ato Forson has revealed.
Speaking in Parliament on Tuesday, March 11, during the presentation of the 2025 Budget Statement, Dr. Forson explained that these financial sector legacy issues stem from past interventions, such as the banking sector clean-up and unresolved fiscal liabilities.
“Addressing these outstanding issues is crucial to restoring confidence in the financial sector and ensuring long-term stability,” he stated.
He assured Parliament that the government is committed to implementing sustainable financial policies that will not only resolve these legacy burdens but also prevent similar crises in the future.
“We are working to develop a clear roadmap to settle these obligations while safeguarding the economy from further shocks,” he added.
Dr. Forson emphasized that stabilizing the financial sector is essential for Ghana’s economic recovery and growth. He noted that the government will explore various funding options to mobilize the necessary resources, ensuring the country’s financial system remains resilient and capable of driving national development.
