Former Finance Minister and Presidential Adviser on the Economy, Seth Terkper, has revealed that the government plans to borrow about GH¢57 billion in 2025.
Speaking on Joy News AM Show on Wednesday, he made the disclosure a day after Finance Minister Dr. Cassiel Ato Forson presented the 2025 national budget in Parliament.
“About GH¢57 billion is going to be borrowed,” he stated. “But here we made provisions for repayment, what we call amortisation, so this is new borrowing, and we will bring down the balance. It’s going to come from foreign and domestic sources.”
Terkper explained that the borrowing would address the government’s fiscal needs and support economic growth. He noted that the new debt target is part of a broader strategy to finance the national budget while maintaining key public services and development projects.
The 2025 budget, as outlined by the Finance Minister, includes GH¢43.3 billion in financial allocations for sectors such as education, infrastructure, social protection, and disaster relief.
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