Dr. Daniel Amateye Anim, Chief Economist at PIED Africa, has welcomed the government’s decision to establish a cedi and dollar reserve fund, describing it as a progressive and forward-looking strategy to manage Ghana’s debt obligations and improve investor confidence.
Speaking in an interview with The High Street Journal, Dr. Anim explained that the creation of such a fund acts as a buffer to support timely payments on domestic and external bonds.
According to him, this mechanism could significantly reduce the government’s reliance on last-minute borrowing from the markets to meet financial commitments.
“This strategy, when properly implemented with the consistency and determination it requires, will help the government build up buffers to meet obligations as and when they fall due,” Dr. Anim said. “That is very key.”
He stressed that this proactive approach would enhance Ghana’s creditworthiness in the eyes of the global investor community and positively influence how international credit rating agencies assess the country.
Describing the initiative as a debt risk mitigation tool, Dr. Anim added that the reserve fund is essential to avoiding defaults and protecting the country’s economic stability. “It’s a step in the right direction. It must be executed with discipline,” he noted.
Dr. Anim also called on government to remain committed to the fund’s implementation, warning that without consistency, the benefits of the strategy could be lost. “The only way to mitigate default risks is to have measures like this in place and stick to them.”
He commended the government’s foresight and urged stakeholders to support the initiative, saying it is vital for building long-term economic resilience.
