Government to Borrow GH¢57 Billion in 2025 – Seth Terkper Reveals

According to Mr. Terkper, the borrowing is part of a broader strategy to finance the country’s budget and sustain key economic activities. The government intends to use the funds to cover fiscal needs, support economic growth, and ensure essential public services and development projects continue without interruption.

The 2025 budget, as outlined by Dr. Ato Forson, includes a financial allocation of GH¢43.3 billion for various sectors such as education, infrastructure, social protection, and disaster relief.

The announcement of additional borrowing raises concerns about Ghana’s growing debt burden, which already stands at GH¢726.7 billion (61.8% of GDP). While the government insists that these loans will support economic recovery and development, some economists warn that continued borrowing without a clear repayment strategy could further strain the economy and limit future financial flexibility.