The Minister of Finance, Cassiel Ato-Forson has signed eleventh 11th debt restructuring agreement with Export-Import (EXIM) Bank of India aimed at restoring debt sustainability and lower debt distress.
In a social media post, the Minister emphasized that Ghana is committed to honor all restructured obligations on time and keep debt sustainability at the core, avoiding unsustainable borrowing.
“Our commitment is firm: to honour all restructured obligations on time and to keep debt sustainability at the core of every financing decision going forward.
Ghana will not return to a path of unsustainable borrowing,” part of the statement noted.
The Minister has confirmed government’s introduction of Loan Act, ensuring that borrowed funds are directed to high-impact, value-for-money investments with simple guiding principle.
“Our guiding principle is simple: whatever we borrow must be worth it and must deliver tangible benefits to the Ghanaian people.” the minister assured.
Source: Ernest Kelvin Okanta
