Raymond Acquah

Pan-African

[Cassiel Ato Forson (PhD) @Cassielforson]

GOVERNMENT OF GHANA NEARS COMPLETION OF EXTERNAL DEBT RESTRUCTURING WITH SUCCESSFUL EXCHANGE OF SADEREA NOTES

[Cassiel Ato Forson (PhD) @Cassielforson]

GOVERNMENT OF GHANA SETTLES US$700 MILLION EUROBOND OBLIGATION!

[Franklin CUDJOE @lordcudjoe]

What l found on the GARID Project

1. It is not accurate that the Government of Ghana or the Ministry of Finance has delayed the Greater Accra Resilient and Integrated Development (GARID).

2. Between 2019 and 2024, the previous administration drew down US$103.8 million from the World Bank $350m loan.

Here’s the breakdown of how the money was used:

· US$22.1 million (21%) went to "training".
· US$7.9 million (7%) was spent on "consultancies".
· US$60.8 million (59%)—the lion’s share—was diverted to COVID-19-related spending.
· US$1.68 million (2%) was used for other costs, largely the purchase of vehicles.

4. Just US$11.4 million, barely 11% of the entire loan, was actually spent on flood prevention and mitigation works. Put plainly: nearly US$9 out of every US$10 went to things other than protecting Ghanaians from floods. Only US$1 out of every US$10 was used for the project’s core purpose.

5. When the Mahama administration took office, it sought to ensure expenditure of the remaining funds must align with what the GARID Project was meant to achieve. So the Ministry of Finance engaged the World Bank and secured agreement to repurpose the remaining funds—redirecting them squarely toward flood prevention infrastructure.

6.That isn’t a delay. That is a deliberate, responsible decision to make sure the money does what it was always supposed to do: offer lasting protection to communities that have suffered for too long.

So far the following has been recorded.

7. In 2025, the government spent roughly US$3 million on actual flood mitigation works under the project. So far in 2026, about US$10.52 million has been released for the same purpose.

8 That brings the total for 2025–2026 to approximately US$13.52 million—already exceeding the US$11.4 million spent on flood works over the entire previous six-year period.

9. The Ministry of Finance has already approved the cedi equivalent of more than US$76 million under the GARID project for flood mitigation infrastructure in 2026 and 2027.

9. As was in 2025 and 2026, no new amount was spent on "training, consultancies, or vehicles."

10. The Ministry of Finance and the Government have not delayed the GARID Project. What they have done is refocus it—ensuring that every dollar now goes toward what it was originally borrowed for: protecting lives, property, and communities from the devastation of flooding.

Good night.

[Franklin CUDJOE @lordcudjoe]

https://t.co/7nEzRXVGqh has been nearly 24 hours since I shared information about how the GARID funds were spent, and I have not read a single comment disputing my figures. Just the usual clowns and a brigade of militant myopic dunderheads hurling insults at me.

2.Yet, those who felt the need to wave a portion of a World Bank report on the status of implementation as proof that the government is stalling progress on GARID do not want to own up to the fact that the questionable spending of $103 million unlocked by the previous government demanded a careful examination of claims by contractors, so Ghana doesn't get fleeced thrice.

3. Hence, the Finance Ministry's diligence in safeguarding the remaining funds ensures they are adequately targeted only for flood control.

4.And even then, cedi for cedi, the data shows Ato Forson spent more wisely on the project than Ofori-Atta's six years of waste. Put plainly: Ofori-Atta spent GARID money this way—nearly US$9 out of every US$10 went to things other than protecting Ghanaians from floods. Only US$1 out of every US$10 was used for the project’s core purpose.

5.We cannot allow persons who ransacked the house of God and looted expensive church property to pretend to baptise converts to Christianity.

https://t.co/SDQruAZ9Gh the way, I had a great day. I finally honoured a long-overdue invitation by the Minister for Trade, Agribusiness, and Industry to learn what she has been up to. I was surprised she has so much going on, yet not much is out there for the public to know. We will change this!

[GhanaWeb @TheGhanaWeb]

Finance Ministry releases GH¢350 million for flood relief, mitigation

https://t.co/0gECNjj8xm

[#NCCEGHANA @nccegh]

Disregard this post. It is false and misleading.

[John Dramani Mahama @JDMahama]

The amount of rainfall recorded today is among the highest experienced in several years. Preliminary data indicates that approximately 140 millimetres of rain fell on Accra. By comparison, the highest single-day rainfall recorded last year was about 56 millimetres.

That aspect of the problem is beyond our control because it is driven by changing climatic conditions. There is the issue of human behaviour.

Whenever government begins removing structures built in waterways, some people accuse us of being inhumane. Yet when disasters such as today's flooding occur, the consequences affect everyone. The irresponsible actions of a few individuals end up putting entire communities at risk.

[Cassiel Ato Forson (PhD) @Cassielforson]

Proudly supporting the Black Stars.

Let’s make Ghana proud!

#BlackStars

[𝑳𝑶𝑵𝑮 𝑳𝒀𝑭 @LongLyf2]

The fourth Estate should be careful with their captions meant to mislead the public‼️

Research found that 1,301 out of 1,441 Roads Ministry projects were awarded through open and competitive tendering, contrary to sole sourcing claims.

[Sam Okudzeto Ablakwa @S_OkudzetoAblak]

Government of Ghana’s strong reservations and high stakes diplomatic interventions following the Canadian Visa Refusal of Thomas Teye Partey of the Black Stars FIFA World Cup team.

[Africa Confidential @Africa_Conf]

Finance Minister Cassiel Ato Forson boasts #Ghana has moved “from the intensive care unit to the wellness centre.” Ratings agencies agree. #Fitch upgraded Ghana’s sovereign rating to B, while #Moody’s shifted its outlook to positive.

https://t.co/NZwivxZcMW

[Africa Confidential @Africa_Conf]

Despite Middle East tensions, #Ghana appears less exposed than many peers. Strong remittances from the US, UK and Asia, coupled with relatively low #oil import dependence provides an important economic buffer. #Economy

https://t.co/NZwivxZcMW

[Raymond Acquah @mondrayac]

Economic growth surged to 6.4% in the first quarter of 2026, up significantly from 4.9% in the same period of 2024 and 6.2% in 2025.

Ghana’s economy is accelerating strongly!

[KOJO DYNAMIC 𓃵 @AnnanPerry]

Contrary to claims that Dr. Cassiel Ato Forson is not releasing funds to key ministries such as Agriculture, the Ministry of Finance has already released GH¢1.677 billion to the Ministry of Food and Agriculture this year alone, representing 85% of its budget for Goods and Services and Capital Expenditure.
The funds released include:
• GH¢581.4 million for 50 Farmer Service Centres
• GH¢110 million for irrigation infrastructure projects
• GH¢515.3 million for fertilisers and certified seeds
• GH¢244.9 million for the Nkoko Nkitinkiti programme
• GH¢200 million for the National Food Buffer Stock Company

Government is backing its agricultural transformation agenda with real investments and timely budget releases.

[KOJO DYNAMIC 𓃵 @AnnanPerry]

Listen to Dr Cassiel Ato Forson as he sat with Bloomberg to discuss Ghana’s economic reforms and hints of a new policy named “the new economy”.

[KOJO DYNAMIC 𓃵 @AnnanPerry]

I present to you Dr. Cassiel Ato Baah Forson, Ghana’s Finance Minister.

[Cassiel Ato Forson (PhD) @Cassielforson]

My keynote address at the Ishmael Yamson & Associates Business Roundtable on the theme “unlocking the next quarter century: harnessing Africa’s digital infrastructure, trade & integration, energy & industry, governance, and societal development for global relevance”

1. Thank you very much for the warm welcome. Let me congratulate Ishmael Yamson & Associates for twelve years of consistency and intellectual leadership on this important platform.

2. I am pleased to join this distinguished gathering at a moment of profound consequence for Ghana, Africa, and for the future of emerging economies within a rapidly changing global order.

3. Over the past twenty-five years, Africa has not stood still. Across the continent, we have expanded infrastructure, deepened digital connectivity, strengthened institutions, educated more of our people, and created one of the most dynamic consumer and enterprise markets in the world.

4. Yet, we must also confront the reality that this progress has not sufficiently translated into transformation.

5. Africa still stands at a defining historical crossroad.

6. For centuries, we supplied the world with raw materials, labour, and strategic resources. However, we captured only a fraction of the value created from them.

7. Today, the pattern risks repeating itself in a new form. Our raw materials still leave. Increasingly, our data leaves.

8. The tragedy of Africa’s economic history, therefore, is not the absence of resources. It has been the persistent export of value and the import of dependency.

9. But this history is not our destiny. We must change the narrative.

10. The next quarter of a century presents Africa with perhaps its greatest opportunity since political independence.

11. The defining question before this generation for the next quarter of a century is this: will Africa finally become a production and value addition force within the world economy?

Ladies and Gentlemen,

12. Africa is entering this new era with extraordinary strategic advantages.

13. Our continent is home to more than 1.4 billion people, with one of the youngest populations in the world. The African Continental Free Trade Area creates a combined market exceeding US$3.4 trillion, making it the largest free trade area in the world.

14. And yet intra-African trade still accounts for only about 15 percent of Africa’s total trade, compared to nearly 70 percent within Europe and over 50 percent in Asia.

15. That statistic alone should provoke urgency reflections. Why should it take longer and cost more to move goods from one African border to another than across oceans?

Ladies and Gentlemen,

16. The next phase of Africa’s rise will be driven by infrastructure.
i. Commercial Agriculture infrastructure;
ii. Energy infrastructure;
iii. Transport and logistics infrastructure;
iv. Digital infrastructure;
v. financial infrastructure; and
vi. Human capital infrastructure.

17. Without these, integration will remain a dream.

18. Today, the global economy is increasingly digital. Artificial intelligence, cloud computing, fintech, digital payments, e-commerce, and data governance are reshaping competitiveness.

19. The nations that control data infrastructure and digital ecosystems will shape the future global economy.

20. Africa cannot afford to become just a consumer in the digital age. We must ask ourselves:
i. Who owns Africa’s digital rails?
ii. Who stores Africa’s data?
iii. Who finances Africa’s fibre backbone?
iv. Who controls Africa’s payment systems?

21. These questions transcend technology. They are economic transformation and sovereignty questions.

22. Africa requires a continental digital strategy that supports:
i. regional data centres and cloud infrastructure;
ii. Affordable broadband expansion;
iii. Cross-border digital payments systems;
iv. Cybersecurity and digital trust;
v. AI readiness; and
vi. Digital skills for millions of young Africans

[Raymond Acquah @mondrayac]

Finance Minister Dr. Cassiel Ato Forson has announced that Government will not borrow to finance the Accra–Kumasi Expressway.

Instead, petroleum revenues will be channelled into priority infrastructure projects like the Accra-Kumasi Expressway as part of a more sustainable and disciplined approach to national development.

Dr. Forson explained that the era in which petroleum revenues were spread across recurrent expenditures such as newspapers, air tickets, fuel coupons, workshops, capacity-building programmes, and other administrative expenses is over.

Going forward, oil revenues will be strategically invested in transformative infrastructure projects that deliver long-term economic value.

[Cassiel Ato Forson (PhD) @Cassielforson]

An update on the phenomenal work being undertaken by the Ghana Armed Forces on President Mahama’s transformational Accra-Kumasi Expressway project.

So far, about 51km of the entire stretch has been successfully cleared.

In June, following assessments by the relevant state agencies, the Ghana Armed Forces will commence the payment of compensation to affected citizens.

Steadily, deliberately, and with remarkable professionalism, the foundation is being laid for what will become one of Ghana’s most strategic and economically transformative corridors.

The progress made so far is truly impressive.