The Minister of Finance, Dr Cassiel Ato Forson, has underscored the need for the reopening of Ghana’s capital markets, emphasising the critical role of pension funds in reviving investor confidence and stabilising the economy.

This follows a meeting between the Ministry of Finance and managers of pension funds in the country.

In an X post, the sector minister said pension funds are pivotal in re-establishing market activities, as their core function involves investing in bonds.

“I had the privilege of meeting with pension funds to discuss our shared responsibility in strengthening Ghana’s financial markets. To achieve this, we need to re-open capital markets, and pension funds have a crucial role to play. As I emphasised, the very purpose of pension funds is to invest in bonds,” he noted.

He further highlighted the collective benefits of a stable financial system, stating that a reopened capital market would enhance investor confidence, stabilise the currency, and lower inflation.

Reaffirming the government’s fiscal discipline, Dr Ato Forson declared that Ghana would not default on its financial obligations again, particularly in the years ahead.

“Ghana will not default ever again, not on my watch. We are fully aware of our financial obligations in 2027 and 2028 and beyond, and we will not wait until then to build the necessary buffers. Instead, we are operationalising the sinking fund to provide strong backing for longer-dated bonds” he assured.

A while ago, I had the privilege of meeting with pension funds to discuss our shared responsibility in strengthening Ghana’s financial markets.

I reiterated government’s unwavering commitment: Ghana will not default—ever again, not on my watch. We are fully aware of our… pic.twitter.com/z1lVlcBF3c

— Cassiel Ato Forson(PhD) (@Cassielforson) March 24, 2025