Finance Minister Dr Cassiel Ato Forson has announced that the government is on course to accumulate GH¢30 billion in the Sinking Fund by the end of 2026 to meet major domestic debt obligations due next year.
Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr Forson said the amount would be sufficient to repay the GH¢30 billion Domestic Debt Exchange Programme (DDEP) debt maturing in February 2027.
According to the Finance Minister, the government has strengthened the Sinking Fund as part of its debt management strategy to ensure adequate resources are available to meet future repayment obligations without placing undue pressure on public finances.
He explained that under the 2026–2029 Medium-Term Debt Strategy (MTDS), the government committed to transferring 7% of non-oil tax revenues, together with proceeds from domestic bond issuances, into the Sinking Fund Cedi Account to prepare for debt maturities in 2027 and 2028.
“As of 22nd July 2026, that war chest holds GH¢15.6 billion,” Dr Forson told Parliament.
“Mr Speaker, we are on course to accumulate GH¢30 billion in the Sinking Fund by the end of 2026. This will be enough to repay the GH¢30 billion DDEP debt that will fall due in February 2027,” he added.
Dr Forson said the strategy demonstrates the government’s commitment to meeting its debt obligations in a predictable and sustainable manner.
“Brick by brick, cedi by cedi, we are building the wall that will meet the wave so that when 2027 and 2028 come, Ghana will not scramble. Ghana will simply pay,” he said.
He added that the steady growth of the Sinking Fund sends a strong signal to investors, credit rating agencies and the public that Ghana is committed to prudent fiscal management and honouring its financial obligations.
“This is the signal the Sinking Fund sends to investors, credit rating agencies and the people of Ghana, making it clear that this Government plans ahead, honours its commitments and manages the public finances better,” he said.
