Debt servicing now below 20% of revenue — Ato Forson

Finance Minister Dr Cassiel Ato Forson says Ghana has significantly reduced the share of national revenue devoted to servicing public debt, with the figure now falling below 20 per cent.

A reduction in the share of revenue devoted to debt servicing means a larger proportion of government’s internally generated resources can potentially be directed towards priority areas, although the actual fiscal space available will also depend on revenue performance, expenditure pressures and other government obligations.

From over 50% to below 20% Dr Ato Forson said the latest position marked significant progress compared with the situation in which more than 50 per cent of government revenue was absorbed by debt servicing.