Minister of Finance, Dr Cassiel Ato Forson has raised concerns over the apparent struggles of the country's financial sector, revealing that a sum of GH¢10.45 billion is needed to address the some financial sector legacy issues and emerging risks Presenting the 2025 Budget Statement and Economic Policy in Parliament on March 11, he highlighted that the financial sector is still posed with challenges despite the GH¢30.3 billion financial sector clean-up exercise initiated in 2024.
Dr Ato Forson stressed that there are some emerging risks in the sector, thus the need for the country to raise GH¢10.45 billion to address such risks.
He further indicated that GH¢2.2 billion is required to fully capitalise National Investment Bank (NIB) and the Agricultural Development Bank (ADB). "Mr.
Speaker, the financial sector still struggles even after spending GH¢30.3 billion in the financial sector clean-up exercise by the end of 2024.
