Debt servicing now below 20% of revenue — Ato Forson

Finance Minister Dr Cassiel Ato Forson of Ghana has announced that the nation's debt servicing costs now account for less than 20% of national revenue. This significant reduction represents a major shift from previous years when over 50% of government revenue was spent on meeting debt obligations. The Minister made the disclosure on his Facebook page on August 22, 2026, noting the progress Ghana has made in restoring fiscal stability.

Previously, the high debt service burden severely limited the resources available for public services and infrastructure, such as schools, hospitals, and roads. By reducing the percentage of revenue allocated to debt servicing, Dr Forson stated that the government now has more fiscal space to pursue its development priorities. This achievement signifies a major step towards debt sustainability, which is crucial for the government's overall fiscal consolidation efforts, especially in an economy where debt-service obligations often compete with spending on essential services.

The Minister emphasized the importance of this development, which will enable a larger share of government revenue to be directed towards priority areas, although the actual fiscal space will depend on various factors including revenue performance and other government obligations.