2026 Mid-year Budget Review: Gov’t Saves GhC4.2 Billion as Borrowing Costs Drop by Half – Ato Forson

Government has saved GhC4.2 billion in six months following a sharp decline in borrowing costs, Finance Minister Dr Cassiel Ato Forson has announced.

Presenting the 2026 Mid-Year Budget Review to Parliament on Thursday, Dr Forson said interest rates have fallen significantly, reducing the cost of government borrowing.

“Borrowing costs are down by half. In other words, government is borrowing less. That alone has saved us and this country GhC4.2 billion in six months,” he stated.

According to the Finance Minister, the savings are a direct result of restored fiscal discipline and improved investor confidence in the economy.

He noted that lower borrowing costs are also translating into relief for the private sector, with businesses now able to access credit at reduced interest rates to expand operations.

Dr Forson said the GhC4.2 billion saved will be redirected to priority areas including job creation, social protection, and infrastructure to sustain the gains made in the first half of 2026.

“Fiscal discipline has been restored, macro stability has returned, and confidence has been rebuilt,” he added.

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