Ghana's next big target is cheaper borrowing for businesses – Ato Forson

Finance Minister Dr Cassiel Ato Forson has said the government is working towards securing an investment-grade credit rating to reduce borrowing costs for businesses and the state.

Speaking in an interview with Citi FM on Friday, November 13, 2026, following the presentation of the 2027 Budget, the minister said reducing the cost of borrowing was key to helping businesses expand and supporting economic growth.

He explained that the government’s reduced borrowing was helping to free up resources for other important national needs.

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“Government is borrowing low, so we are able to conserve some money for other important needs of the state,” he stated.

Dr Ato Forson noted that the cost of capital remained an important factor in business growth, adding that lower interest rates would give businesses more room to expand their operations and create jobs.

“So, cost of capital is important. That gives some breathing room for businesses to be able to expand,” he said.

The Finance Minister added that the government’s focus was to improve Ghana’s creditworthiness to make borrowing more affordable.

“Our focus here is to pursue investment-grade credit rating to make affordable credit to businesses and also to government,” he stated.

An investment-grade credit rating would signal to investors and lenders that Ghana has a relatively lower risk of defaulting on its debt obligations. This could help the country secure loans at lower interest rates and improve its access to international financing.

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The government’s push for an improved credit rating forms part of its broader economic agenda to maintain financial stability, support private sector growth and create employment opportunities.

DR/MA

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