Use bank guarantees to finance country’s nat’l budget – Dr. Frank Forbes-Menson-UK International Financial Expert

Professor Dr. Frank Forbes-Menson, a global financial consultant, has made a proposal. He suggests using bank guarantees to finance the national budget. This approach could help address the country's financial challenges. It would be an alternative to relying on the IMF and World Bank.

Dr. Forbes-Menson shared his ideas during a visit to the Institute of Fiscal Studies. The meeting took place in Accra on Friday, November 11, 2025.

The discussion focused on Ghana's heavy reliance on IMF programs. They also talked about revamping the Ghana International Bank (GIB) and the Institute of Fiscal Studies.

Dr. Forbes-Menson explained that post-election challenges can be addressed with global financial instruments. He mentioned bank guarantees and promissory notes as potential solutions. These tools could help pay bills for the country.

Using these instruments may reduce pressure from dependence on outdated Bretton Woods institutions.