Ghana Plans Loans Act to Legally Bind Borrowed Funds to Productive Projects

Ghana Plans Loans Act to Legally Bind Borrowed Funds to Productive Projects

NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghana-plans-loans-act-to-legally-bind-borrowed-funds-to-productive-projects/Ghana will introduce a new Loans Act to legally restrict how the government uses borrowed money, Finance Minister Dr Cassiel Ato Forson announced on Monday, March 30, 2026, framing the legislation as a central pillar of the country’s push to avoid a return to the debt crisis th…

Gov't moves to enact loans law to enforce discipline

Government is preparing to introduce a new Loans Act aimed at tightening controls on public borrowing and ensuring that all debt contracted delivers measurable value to the economy. Finance Minister Dr. Cassiel Ato Forson announced the policy direction following the signing of Ghana’s 11th bilateral debt restructuring agreement with EXIM India, describing the move as part of a broader reset of the country’s debt management strategy. According to…

Government to introduce new loans act to regulate borrowing- Ato Forson

The Minister for Finance, Cassiel Ato Forson, has announced that government will introduce a new Loans Act to strictly regulate how borrowed funds are used. On his facebook page, he explained that the new law will ensure that every loan secured by the country is tied to high impact and value for money investments that benefit Ghanaians. The minister made this known after signing Ghana’s 11th bilateral debt restructuring agreement with EXIM Bank …