2025 Budget: Ghana’s Financial Sector Requires GHS10.5 Billion for Recovery – Finance Minister
Accra, March 11, 2025 – Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has revealed that the government requires GHS10.5 billion to address financial sector legacy issues and mitigate associated risks.
Presenting the 2025 Budget Statement in Parliament on Tuesday, March 11, Dr. Forson attributed these challenges to past financial sector crises, including the banking sector clean-up and other unresolved fiscal liabilities.
“Addressing these outstanding issues is crucial to restoring confidence in the financial sector and ensuring long-term stability,” he stated.
Government’s Plan for Financial Stability
Dr. Forson assured Parliament that the government is committed to implementing sustainable financial policies to resolve these burdens while preventing future crises.
“We are working on a clear roadmap to settle these obligations while safeguarding the economy from further shocks,” he added.
Key Priorities for Financial Sector Recovery
✅ Resolving past banking sector challenges
✅ Restoring confidence in the financial system
✅ Mobilizing sustainable funding sources
✅ Strengthening financial regulations to prevent future instability
Dr. Forson emphasized that tackling financial sector risks is essential for economic recovery and long-term growth. The government will explore viable funding options to ensure a resilient financial system capable of supporting national development.
With Ghana’s financial sector at a critical juncture, stakeholders will closely monitor how the government executes its roadmap for economic stability and investor confidence.
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