Source: newsthemegh.com/Ministry of Finance, Ghana
Addressing the Joint Press conference, the Minister, Hon. Dr. Mohammed Amin Adam (MP) underscored the significant achievements in debt restructuring.
He noted that the country reached an agreement with the Official Creditor Committee (OCC) to restructure $5.1 billion of Ghana’s official bilateral loans, resulting in debt service relief of $2.8 billion between 2023 and 2026.
Additionally, the government has negotiated with Eurobond holders to restructure $13.1 billion, which will lead to the cancellation of $4.7 billion in debt and provide debt service relief of $4.4 billion from 2023 to 2026.
“We are committed to sustaining our macroeconomic policy adjustment and reforms to fully restore macroeconomic stability and debt sustainability while fostering a sustainable increase in economic growth and poverty reduction,” he Minister added.
Present were the Minister of State, Hon. Abena Osei-Asare, Deputy Ministers, Hon. Dr. Stephen Amoah and Hon. Dr Alex Ampaabeng, 1st Deputy Governor, BOG, Chief Director, Ms. Eva Mends and Directors from both the Ministry of Finance and the Bank of Ghana.