The announcement came during a meeting between the Minister of Finance, Dr Cassiel Ato Forson and the Chief Executive Officer od Ecobank, Jeremy Awori, where discussions centred on Ghana’s fiscal obligations and economic recovery strategy.

The government inherited contractor arrears totalling GH¢67 billion and has pledged to audit and clear them over four years. As part of this commitment, GH¢13 billion has been earmarked in the 2025 Budget to begin payments for verified claims.

Dr Forson reiterated the administration’s resolve to prevent the build-up of new arrears, citing recent amendments to the Public Financial Management Act as a critical step towards enhancing transparency and discipline in public procurement and contract oversight.

As Ghana’s largest financial institution, Ecobank was urged to intensify its support for the country's economic rebound, particularly in the private sector and agricultural financing.

Mr Awori, affirmed the bank’s willingness to increase lending and deepen strategic collaboration with the government in its recovery agenda.