Finance Minister pushes for capital market reopening; assures Ghana won’t default

Finance Minister, Dr. Cassiel Ato Forson, has underscored the need to reopen Ghana’s capital markets, emphasising the critical role of pension funds in restoring investor confidence and driving economic stability.

He also assured that the current government will not default on its financial commitments, stating, “Ghana will not default—ever again, not on my watch.”

He stressed that the government is fully aware of its obligations in 2027 and 2028 and is proactively operationalising the sinking fund to provide strong backing for longer-term bonds.

Speaking during a meeting with pension fund representatives, Dr. Forson highlighted that reopening the capital market is in the collective interest of all stakeholders, as it will help lower inflation, stabilise the cedi, and restore confidence in financial markets.

He urged pension funds to support the initiative, noting that their core purpose is to invest in bonds.

The meeting, attended by Minister for Labour, Jobs, and Employment, Dr. Rashid Pelpuo, and Deputy Finance Minister, Thomas Ampem Nyarko, saw stakeholders express cautious optimism.

While pension fund representatives welcomed the initiative, they also voiced concerns based on past experiences.

Dr. Forson acknowledged these concerns, reaffirming the government’s commitment to building a resilient and sustainable financial system.