Dr. Cassiel Ato Baah Forson, the Minister for Finance of Ghana, held a meeting with representatives of pension funds and other stakeholders.
The meeting provided an opportunity for participants to discuss their shared responsibility in strengthening Ghana’s financial markets.
Among those who attended the meeting were Dr. Rashid Pelpuo, the Minister for Labour, Jobs, and Employment, and Thomas Ampem Nyarko, the Deputy Minister for Finance.
Dr. Pelpuo welcomed the government’s efforts to reopen the bond market and encouraged all stakeholders to align with these positive developments.
Dr. Ato Forson reaffirmed the government’s commitment, emphasizing that Ghana will never default again—not on his watch. “We are fully aware of our financial obligations in 2027, 2028, and beyond, and we will not wait until then to build the necessary buffers. Instead, we are operationalizing the sinking fund to provide strong backing for longer-dated bonds,” he stated.
To achieve this, Ghana’s Finance Minister highlighted the immediate need to reopen capital markets, with pension funds playing a key role. He stressed that the primary purpose of pension funds is to invest in bonds.
Representatives of pension funds expressed their support for the initiative while also voicing concerns based on past experiences.
The Minister acknowledged their concerns and assured all stakeholders that this time, the government is committed to building a sustainable and resilient financial system.
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