Ghana's debt repayment fund reaches GH¢15.6 billion, targets GH¢30 billion by year-end
via GhanaWeb2 min read
Ghana's Finance Minister Dr Cassiel Ato Forson announced that the government's debt repayment fund, also known as a sinking fund, has accumulated GH¢15.6 billion as of July 22, 2026. This fund is being built to meet significant domestic debt obligations due in 2027 and 2028. Presenting the 2026 Mid-Year Budget Review to Parliament on July 23, 2026, Dr Forson stated that the government aims to increase the fund to GH¢30 billion by the end of the year. This initiative is part of the government's medium-term debt management strategy, ensuring Ghana can meet future debt repayments without financial strain. Under the 2026–2029 Medium-Term Debt Management Strategy, 7 percent of non-oil tax revenue and proceeds from domestic bond issuances will be directed into the sinking fund. The projected GH¢30 billion is expected to cover the GH¢30 billion Domestic Debt Exchange Programme bonds maturing in February 2027. Dr Forson emphasized that the growing fund demonstrates the government's commitment to prudent fiscal management, sending a positive signal to investors, credit rating agencies, and the Ghanaian public.
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