Ghana’s Ghana debt restructuring programme has recorded another milestone, with the government signing its 11th bilateral debt restructuring agreement, this time with EXIM India.
Finance Minister Dr. Cassiel Ato Forson announced the development, describing it as part of Ghana’s broader effort to restore debt sustainability and reduce the country’s risk of debt distress.
“I recently signed Ghana’s 11th bilateral debt restructuring agreement, this time with EXIM India.” - Finance Minister Dr. Cassiel Ato Forson
According to the Finance Minister, the latest agreement reinforces government’s confidence that Ghana is gradually moving beyond the most difficult phase of its debt crisis.
“We are moving steadily towards a low risk of debt distress, with clear indicators that the worst is behind us.” - Finance Minister Dr. Cassiel Ato Forson
Dr. Forson stressed that the government remains committed to meeting all obligations under the restructuring programme and avoiding a return to unsustainable borrowing.
New Loans Act Planned
As part of the country’s fiscal reset, the Minister revealed plans to introduce a new Loans Act to tighten the use of borrowed funds.
He said the proposed law will ensure future borrowing is strictly tied to productive and high-impact projects that offer clear value to the country.
“Whatever we borrow must be worth it and must deliver tangible benefits to the Ghanaian people.” - Finance Minister Dr. Cassiel Ato Forson
The latest agreement signals continued momentum in Ghana’s debt recovery strategy as authorities seek to rebuild investor confidence and protect long-term fiscal stability.
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