The Government of Ghana has shared optimistic updates on its debt restructuring efforts, highlighting substantial progress in negotiations with all remaining creditors. This reassurance comes as the country intensifies its dialogue with international partners to secure sustainable economic recovery.
In a recent statement issued by the Ministry of Finance, the government reiterated its unwavering commitment to achieving a resolution that balances the interests of all stakeholders. “We remain dedicated to reaching a fair and mutually beneficial agreement with all creditors,” the statement affirmed, while expressing gratitude for the continued patience, cooperation, and support of Ghana’s international partners.
A critical aspect of Ghana’s approach has been adherence to the principles outlined in the G20 Common Framework for Debt Treatments. The Ministry emphasized that no creditor has been given preferential treatment, underscoring its commitment to the principle of Comparability of Treatment.
“This approach reflects our dedication to transparency and fairness. All provisions in the Memorandum of Understanding with our official creditors have been rigorously applied. In particular, we have maintained parity by remaining in arrears with all external creditors encompassed in the restructuring perimeter,” the statement clarified.
The government’s steady progress signals hope for the stabilization of Ghana’s economy, as it navigates one of its most challenging financial periods. Stakeholders and analysts are closely monitoring these developments, optimistic that Ghana’s collaborative strategy could set a benchmark for resolving similar debt challenges across emerging economies.
Through these ongoing efforts, Ghana reaffirms its commitment to fiscal responsibility, transparency, and the principles of equitable treatment, offering a pathway for its long-term economic resilience.
Story by: Mercy Addai Turkson #ahotoronline.com
