Ghana: Government to introduce new loans act to regulate borrowing- Ato Forson

The Minister for Finance, Cassiel Ato Forson, has announced that government will introduce a new Loans Act to strictly regulate how borrowed funds are used.

On his facebook page, he explained that the new law will ensure that every loan secured by the country is tied to high impact and value for money investments that benefit Ghanaians.

The minister made this known after signing Ghana’s 11th bilateral debt restructuring agreement with EXIM Bank of India.

According to him, Ghana is making…