{"id":103239,"date":"2025-11-14T04:24:00","date_gmt":"2025-11-14T04:24:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=103239"},"modified":"2025-11-14T04:24:00","modified_gmt":"2025-11-14T04:24:00","slug":"i-am-not-in-a-hurry-to-go-to-the-capital-market-and-borrow-ato-forson","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=103239","title":{"rendered":"I am not in a hurry to go to the capital market and borrow \u2013 Ato Forson"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>1 Minute, 33 Second <\/div>\n\n <\/div>
\n

Finance Minister Dr Cassiel Ato Forson says he has no appetite for rushing back to the international capital market for loans, insisting Ghana must break the cycle of reckless borrowing.<\/p>\n

Speaking on Joy News\u2019 PM Express after presenting the 2026 Budget, Dr Forson said Ghana\u2019s long-standing addiction to external borrowing has hurt the economy for years. <\/p>\n

\u201cIt has been Ghana\u2019s problem, borrowing, borrowing, sometimes borrowing for consumption,\u201d he said.<\/p>\n

He stressed that he will not repeat the pattern. \u201cI\u2019m not one of those people. I\u2019m not in a hurry to go to the capital market to borrow, no way,\u201d he told host Evans Mensah.<\/p>\n

Dr Forson explained that any borrowing under his watch will focus on domestic options. <\/p>\n

\u201cIf I\u2019m to take money, obviously there\u2019s a budget, there\u2019s a deficit to a stent, and you have to finance the deficit. I will take it domestically,\u201d he said.<\/p>\n

He argued that Ghana must build its own financing system for infrastructure. <\/p>\n

\u201cWe should be able to borrow and set up a domestic infrastructure board in cedi, so that you, if you have money and you want to support infrastructure, you should be able to support government,\u201d he said. <\/p>\n

He added that this model is safer and cheaper than constant dependence on foreign markets.<\/p>\n

While acknowledging that some future liability management may be necessary, Dr Forson was clear about the direction he intends to take. <\/p>\n

\u201cThe appetite is not going into the capital market just to borrow. Like in the past, we saw it 3 billion every year.\u201d<\/p>\n

He said any borrowing must be deliberate and growth-focused. <\/p>\n

\u201cYou want to borrow smart, what does that mean? Borrow for things that you think the multiplier is better,\u201d he said. \u201cLet me put it simpler, not to borrow for shopping, okay, borrow for growth.\u201d<\/p>\n<\/div>\n

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"
\"IFinance Minister Dr Cassiel Ato Forson says he has no appetite for rushing back to the international capital market for loans, insisting Ghana must break the cycle of reckless borrowing.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12479,372,319,1883,10,9],"tags":[],"class_list":["post-103239","post","type-post","status-publish","format-standard","hentry","category-capital-market-borrowing","category-dr-cassiel-ato-forson","category-economy","category-national","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/103239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=103239"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/103239\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=103239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=103239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=103239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}