Ghana and EXIM India have signed their eleventh bilateral debt restructuring deal.
The agreement, according to Finance Minister Dr. Cassiel Ato Forson, is a crucial step in consolidating benefits under the nation’s larger debt restructuring program.
With increasing macroeconomic data suggesting a long-term economic recovery, he pointed out that Ghana is gradually moving toward a low risk of debt crisis.
The Minister highlighted that the restructuring initiative is a reset of Ghana’s borrowing policy and extends beyond reducing the current debt load.
He emphasised that the nation will not go back to a course of unsustainable borrowing and restated that debt sustainability will continue to be a key consideration in all future finance decisions.
Rajesh Kumar Gulla, the resident representative of EXIM India, stated that the organization supports Ghana’s recovery efforts and is inspired by the nation’s recent achievements.
Source: newsthemegh.com