The Government of Ghana has entered into a debt restructuring agreement with the Kingdom of Belgium, according to Finance Minister Dr Cassiel Ato Forson, who disclosed this information on his official Facebook page.
This agreement marks the eighth concluded with Official Creditor Committee (OCC) countries as part of Ghana’s external debt restructuring programme.
Dr Forson noted that Ghana navigated a particularly challenging period in 2022-2023, facing a severe financial crisis that prompted the previous administration to declare a debt default.
He quickly stated that the narrative is shifting, with Ghana experiencing a notable economic recovery and implementing robust measures to prevent future financial distress.
Read his post below.
A while ago, on behalf of the Government of Ghana, I signed a debt restructuring agreement with the Kingdom of Belgium.
Ghana went through an extremely difficult period in 2022–2023, when the country faced a severe financial crisis that led the government at the time to declare a debt default.
Today, however, the story is changing. Ghana is recovering and witnessing a significant economic turnaround, while we also put in place stronger systems to ensure we do not return to that point again.
This agreement with Belgium represents the eighth agreement Ghana has concluded with Official Creditor Committee (OCC) countries under our external debt restructuring programme.
On behalf of the government and people of Ghana, I expressed my sincere gratitude to the government of Belgium and to H.E. Carole van Eyll, the ambassador of Belgium to Ghana, for their support and continued partnership with Ghana.
By: Rainbowradioonline.com/Ghana