Gov’t won’t borrow to finance New Economy Programme – Ato Forson

Story By: Deborah Adorsu

Government will not borrow to finance the New Economy Programme, the Minister for Finance, Dr Cassiel Ato Forson, has assured.

He said the programme will be funded through disciplined fiscal management, improved revenue mobilisation, and prudent use of existing resources.

Speaking on government’s economic plans, Dr Forson noted that the New Economy Programme is designed to drive sustainable growth, create jobs, and transform key sectors without adding to the country’s debt burden.

According to him, government is committed to breaking the cycle of excessive borrowing and ensuring that economic transformation is built on a solid and sustainable foundation.

He stressed that fiscal discipline, transparency, and accountability will guide the implementation of the programme.

Dr Forson added that the New Economy Programme will focus on productivity, industrialisation, and opportunities for young people, while protecting macroeconomic stability.