The Minority Chief Whip in Parliament, Frank Annoh-Dompreh, has accused Finance Minister Dr Cassiel Ato Forson of failing to deposit any funds into the Sinking Fund, despite commitments made during his vetting process.
Annoh-Dompreh made the remarks on the floor of Parliament on Thursday, February 26, 2026, during the presentation of the Business Statement for the ensuing week.
He recalled that Dr Ato Forson, during his vetting as finance minister, had pledged that the new administration would prioritise contributions to the Sinking Fund to strengthen debt management.
The minister had reportedly criticised the previous government’s handling of the fund, claiming it had only deposited GH¢138 million, which he described as inadequate, and promised to do significantly more.
“During his vetting he courageously said that one of the government’s policies would be to help put funds into the Sinking Fund. You had said that the previous government that put GH¢138 million into the Fund didn’t do anything and you were going to do more,” Annoh-Dompreh stated.
However, the Minority Chief Whip expressed deep concern that no contributions have been made since the NDC government assumed office in January 2025.
“But Mr Speaker, as we speak, not even a cedi has been put into the Sinking Fund. Nothing,” he stressed, describing the development as worrying for the country’s debt obligations and fiscal discipline.
Annoh-Dompreh defended the record of the erstwhile Akufo-Addo administration, noting that it had deposited over GH¢138 million into the fund during its tenure, countering claims of neglect.
The Sinking Fund is a mechanism established to accumulate resources for timely debt repayments, particularly for maturing obligations such as Eurobonds, helping to ease fiscal pressure and maintain credibility with creditors.
Annoh-Dompreh called on Dr Ato Forson to return to Parliament to address the issue directly and provide clarity on the status of the fund.
“The Minister must come back to the House and address the matters of the Sinking Fund and speak to the concerns raised,” he added, urging greater transparency and accountability in debt management.