Ghana has taken another significant step in its economic recovery journey, signing its 11th bilateral debt restructuring agreement, this time with EXIM India.
The agreement marks a key milestone in the country’s broader efforts to stabilise its economy and restore fiscal balance. Finance Minister Dr. Cassiel Ato Forson described the development as a critical move in consolidating the gains made under Ghana’s ongoing debt restructuring programme.
According to the Minister, Ghana is steadily progressing toward achieving a low risk of debt distress. He pointed to improving macroeconomic indicators as clear signs that the nation is on a path of sustained economic recovery.
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Dr. Forson emphasised that the restructuring programme is not only about easing the immediate debt burden but also represents a broader reset of Ghana’s borrowing strategy. He reiterated that debt sustainability will remain at the core of all future financing decisions, stressing firmly that the country will not return to a path of unsustainable borrowing.
On the part of EXIM India, Resident Representative Rajesh Kumar Gulla expressed strong support for Ghana’s recovery efforts. He acknowledged the economic challenges the country has faced and noted that the institution is encouraged by the progress Ghana has made in recent times.
With this latest agreement, Ghana continues to strengthen partnerships and build confidence among international stakeholders, reinforcing its commitment to long-term economic stability and responsible financial management.
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Samuel Kwame Boadu is a Ghanaian entrepreneur, writer, and digital consultant passionate about creating impactful stories and business solutions. He is the Founder & CEO of SamBoad Business Group Ltd, a dynamic company with subsidiaries in digital marketing, logistics, publishing, and risk management.
