Governs Kwame Agbodza, the Roads and Highways Minister-designate, has raised concerns over the government’s debt obligations, revealing that Ghana is set to pay GH¢665 million in interest on a total debt commitment of GH¢113 billion.

During his vetting session with the Appointments Committee on January 20, Agbodza outlined the country’s significant fiscal challenges, particularly the GH¢20 billion in unpaid certificates, which he deemed a serious issue for the incoming administration.

He explained that this amount, combined with the rising interest on the debt, represents a substantial burden on the nation's finances.

“At the transition committee as of today, the NPP government is leaving a minimum of GH¢113 billion commitments. What we should be worried about though is that in that same document, they are saying that certificate unpaid as of today from Government of Ghana amounts to about 20 billion and more worrying is that the interest on this GH¢113 is GH¢665m due to the nature of the contracts," Agbodza stated.

He attributed the escalating interest payments to the specific nature of the contracts tied to the debt, noting that the terms have led to a considerable increase in the financial strain.

The Minister-designate called for immediate focus on addressing the unpaid certificates and managing the high interest payments, warning that the growing debt burden could lead to further fiscal challenges for the country.