Finance Ministry Holds First Investor Town Hall Since 2021
Government signals economic recovery and renewed transparency as investors gain confidence in Ghana’s debt market
The Ministry of Finance has organised its first investor town hall meeting since 2021, bringing together investors, bankers, and bond market experts as part of efforts to restore confidence in Ghana’s economy and debt landscape.
In his opening remarks, Chief Director Patrick Nomo described the meeting as a significant step forward, assuring participants that Ghana is committed to avoiding a return to debt default. He reiterated the Ministry’s focus on transparency, credible policies, and continuous engagement with stakeholders in the financial sector.
Finance Minister, Dr. Cassiel Ato Forson told participants that the country’s economy is steadily recovering, supported by stronger macroeconomic indicators and disciplined fiscal policies.
He highlighted key progress made since the Domestic Debt Exchange Programme (DDEP), including multiple successful reviews under the International Monetary Fund programme, which have led to disbursements exceeding $700 million. He also pointed to Ghana’s improved sovereign credit rating and the government’s ability to meet both domestic and external debt obligations, including significant Eurobond payments made in 2025.
According to the Minister, inflation has dropped significantly to 3.3 percent, marking a multi-year low, while economic growth has picked up, driven by strong performance in key sectors. He added that fiscal consolidation remains on course, with the country achieving a primary surplus without cutting back on essential social and infrastructure spending.
Looking ahead, Dr Forson described the 2026 economic targets as realistic and attainable, noting that government revenue is increasingly driven by domestic sources, particularly non-oil taxes.
On debt management, he outlined measures aimed at reducing refinancing risks, especially for upcoming maturities in 2027 and 2028. These include building financial buffers through the Sinking Fund, allocating portions of non-oil revenue, and restructuring debt to ease repayment pressures and lower interest costs.
He also emphasised ongoing reforms to enhance transparency, such as publishing regular issuance calendars and strengthening communication with investors, alongside efforts to stabilise the domestic bond market.
The session concluded with an interactive discussion, where participants raised questions on fiscal policy and market outlook. Many attendees expressed renewed confidence in the government’s economic direction and welcomed its commitment to openness and prudent financial management.
