Finance Minister Cassiel Ato Forson says Ghana has achieved a moderate risk of debt distress for the first time since 2013.
He said the country had moved from unsustainable debt levels to high risk, and now to moderate risk.
Dr Forson made the announcement in Parliament on Tuesday, May 26, while presenting four statutory reports to the House.
“Mr. Speaker, I’m proud to inform the House that Ghana, for the first time since 2013, has achieved a moderate risk of debt distress, moving from unsustainable debt to high risk of debt distress and now to a moderate risk of debt distress,” he said.
According to the Finance Minister, the improvement reflects government’s focus on transparency, accountability and sound economic management.
The reports he presented covered the use of energy sector levy proceeds, petroleum receipts and transfers, and public-private partnership projects across the economy.
Dr Forson also submitted the reconciliation report on the Petroleum Holding Fund for the 2025 fiscal year.
He said the move complies with the Petroleum Revenue Management Act.
According to him, the report gives a detailed breakdown of petroleum revenues received by the state and how the funds were used.
“Mr. Speaker this report details how the monies received and accrued to the state on the back of all the petroleum taxes were utilized, particularly the one relating to the management of the energy sector debt recovery,” he explained.
The Finance Minister said the relevant parliamentary committee would examine the report in detail during deliberations.
“And so Mr. Speaker, the details are in the report and has accordingly been presented to the Committee for deliberation and when the Committee invites us, we will go and present the details,” Dr Forson added.
