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Ghana's Defence Ministry Faces GH¢3.7 Billion Debt Crisis

3/22/2025

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Summary

Story summary

Ghana's Defence Ministry is grappling with a staggering debt crisis, with food suppliers owed GH¢275 million and total liabilities soaring to GH¢3.7 billion. Defence Minister Dr. Edward Omane Boamah cautioned that if unpaid, suppliers could cease services, putting the Armed Forces at risk. The Finance Ministry is urgently seeking solutions to address these mounting arrears.

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Story summary

Ghana's Defence Ministry is grappling with a staggering debt crisis, with food suppliers owed GH¢275 million and total liabilities soaring to GH¢3.7 billion. Defence Minister Dr. Edward Omane Boamah cautioned that if unpaid, suppliers could cease services, putting the Armed Forces at risk. The Finance Ministry is urgently seeking solutions to address these mounting arrears.