Lands and Natural Resources Minister Emmanuel Armah Kofi Buah says the government inherited a debt burden of about GH¢111 billion from the previous administration while continuing to fund infrastructure projects across the country.
Speaking during an engagement with chiefs from the Eastern Nzema Traditional Area, Mr Buah said a substantial share of the government’s resources had been committed to meeting inherited debt obligations.
He said more than GH¢2 billion had been paid towards debt servicing in 2025 and 2026, with the country facing a significantly larger repayment obligation in the coming year.
The minister said the repayments had already been scheduled, placing further pressure on the government’s finances as it seeks to deliver development projects.
“All we have been doing is paying debt. Yet, in the midst of paying all the debt, we have been delivering several infrastructural projects,” he said.
Mr Buah said the scale of the financial commitments facing the administration was reflected in the total debt payments of about GH¢111 billion.
“In 2025, 2026, we paid over 2 billion. Next year, we are supposed to pay over 10 billion dollars in debt. It’s arranged already. I’m talking about GH¢111 billion debt,” he stated.
Despite the burden, the minister said the government had continued to direct resources towards infrastructure and other development initiatives.
He argued that maintaining investment in those projects demonstrated the administration’s commitment to addressing the needs of communities across the country, even while it met financial obligations inherited from the previous government.
Mr Buah said the government remained determined to use the resources available to improve infrastructure and create conditions that would benefit citizens.
The minister’s comments came as he addressed traditional leaders in the Eastern Nzema Traditional Area, where he outlined the competing demands of debt repayment and national development.
