Ghana Signs 11th Bilateral Debt Restructuring Agreement with EXIM India
The Government of Ghana has signed its 11th bilateral debt restructuring agreement, this time with EXIM India.
Giving his remarks on the Agreement, the Finance Minister Dr. Cassiel Ato Forson described the agreement as a critical step in consolidating gains under the country’s broader debt restructuring programme.
He noted that the agreement comes a favorable time as the country is steadily progressing towards a low risk of debt distress, with improving macroeconomic indicators pointing to a sustained economic recovery.
He reiterated that debt sustainability will remain central to all future financing decisions, stressing that the country will not return to a path of unsustainable borrowing.
Also passing his remarks,Resident Representative of EXIM India, Rajesh Kumar Gulla, expressed support for Ghana’s recovery efforts, noting that the institution understands the challenges faced and is encouraged by the country’s recent progress.
According to the Minister, the restructuring programme goes beyond easing the immediate debt burden, it also serves as a reset of Ghana’s borrowing strategy.
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