Ghana to Introduce New Loans Act Aimed at Ensuring Judicious Use of Borrowed Funds
The Minister of Finance Dr. Cassiel Ato Forson has announced that the Government of Ghana is set to introduce a new Loans Act .
In a post made on Facebook on Monday, March 30,2026 the Finance Minister explained that this mover forms part of broader reset agenda by the current administration.
He noted that the Act once formally approved will ensure the judicious use of borrowed funds and also see to it that high valued is gotten from any amount borrowed.
“As part of this reset, Government will introduce a new Loans Act to strictly define the use of borrowed funds, ensuring that every loan is tied to high-impact, value-for-money investments.” the post read
He added that the government is committed keeping debt sustainability at the core of every financing decision going forward and that Ghana will not return to a path of unsustainable borrowing.
He concluded by saying that “Our guiding principle is simple: whatever we borrow must be worth it and must deliver tangible benefits to the Ghanaian people.”
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