GH¢10.5bn required to address financial sector legacy issues – Finance Minister

The Minister for Finance, Dr Cassiel Ato Forson, has disclosed that the government requires GHS10.5 billion to tackle financial sector legacy issues and mitigate associated risks.
He made this revelation during the presentation of the 2025 Budget Statement in Parliament on Tuesday, 11th March.
Dr Forson explained that these legacy issues stem from past financial sector challenges, including the banking sector clean-up and other unresolved fiscal liabilities.
“Addressing these outstanding issues is crucial to restoring confidence in the financial sector and ensuring long-term stability,” he stated.
He further assured Parliament that the government is committed to implementing sustainable financial policies that will not only resolve past burdens but also prevent similar crises in the future.
“We are working to develop a clear roadmap to settle these obligations while safeguarding the economy from further shocks,” he added.
The Finance Minister emphasised that resolving these financial sector risks is essential for economic recovery and growth.
He noted that the government will explore all viable funding options to mobilise the necessary resources, ensuring that Ghana’s financial system remains resilient and capable of supporting national development.
Source: Classfmonline.com/Cecil Mensah
Trending Business
COCOBOD board chair pledges modernisation to support 24-hour economy policy
04:05Banking sector clean-up: Ex-NPP Youth Organiser refutes Frank Adu's claims, says sector stronger than ever
11:02Agric Minister woos Turkish tractor manufacturer to set up plant in Ghana
10:41GRA targets September 2025 to finalise VAT reforms ahead of 2026 budget
09:46Food Suppliers Association praises President Mahama's Initiative
08:28SEC warns public against unlicensed investment schemes promoted on Social Media
10:01Parliament approves $360 million World Bank facility to support Ghana’s economic recovery
07:13Free Zones Authority engages Libyan business delegation to deepen investment ties
15:49Plastic prices to increase by 7% from July 1 due to new excise tax – GPMA announces
12:01GIPC CEO backs deployment of investment officers in District Assemblies
16:16