‘Do you want me to crash the country?’ – Ato Forson asks critics demanding huge spending

Finance Minister Dr Cassiel Ato Forson addressed concerns about government spending, asserting that a significant portion of available public funds is dedicated to settling outstanding debts and restoring economic stability. He emphasized that the government cannot disregard its financial obligations to appease calls for additional expenditure.

Dr Forson disclosed that the government has paid GH¢41 billion to bondholders under the Domestic Debt Exchange Programme (DDEP), describing it as part of the inherited financial responsibilities from the previous administration. Speaking on Joy News’ PM Express, Dr Forson rejected accusations of insufficient spending, stating, "I’m spending, but you see, people don’t appreciate it."

He noted that his inheritance includes a substantial debt burden and an experienced economic management team. The minister highlighted that the government inherited a challenging economic situation, including significant debt obligations, which necessitate careful management to prevent a relapse into financial instability. His top priority is settling due debts, restoring market confidence, and guiding expenditure decisions based on available resources and obligations.

The 2027 Budget projects GH¢389.2 billion in total government expenditure, with a focus on capital projects, debt servicing, employee compensation, and arrears clearance. Dr Forson also announced plans to clear GH¢29 billion in DDEP principal early and pay a US$590 million Eurobond obligation by December 31, 2026. The government aims to avoid returning to the financial difficulties that led to debt restructuring.