Ghana has signed its 11th bilateral debt restructuring agreement, this time with EXIM India, as part of ongoing efforts to reduce the country’s debt risk and ensure financial sustainability.
Cassiel Ato Forson, in a statement following the agreement, said the move signals a steady recovery, with clear indicators that Ghana is moving away from high-risk debt levels.
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He emphasized the government’s commitment to honoring all restructured obligations on time while keeping debt sustainability at the core of every financing decision.
“The worst is behind us,” he stated, adding that Ghana will not return to a path of unsustainable borrowing.
As part of the broader fiscal reset, the government plans to introduce a new Loans Act that will strictly regulate the use of borrowed funds, ensuring every loan is directed toward high-impact, value-for-money investments. Ato Forson noted that the guiding principle is simple: any borrowing must deliver tangible benefits to the Ghanaian people.
Financial analysts say this approach could enhance investor confidence and strengthen Ghana’s economic outlook, provided the new regulatory framework is implemented effectively and transparently.
The agreement with EXIM India underscores Ghana’s ongoing strategy of restructuring existing debt while pursuing disciplined borrowing to support sustainable development.
