The Government of Ghana has taken another significant step toward economic recovery by signing a Bilateral Debt Restructuring Agreement with the Kingdom of Spain.
This marks the fifth such accord concluded under Ghana’s official creditor framework, as the country continues efforts to restore debt sustainability and foster renewed growth.
The agreement was formally signed by Ghana’s Minister for Finance, Dr. Cassiel Ato Forson, and the Spanish Ambassador to Ghana, H.E. Ángel Lossada Torres-Quevedo, during a ceremony that underscored the spirit of cooperation between the two nations. This latest deal follows similar restructuring agreements with China Exim Bank, France, Finland, and the United Kingdom, all part of Ghana’s comprehensive debt restructuring programme.
Addressing the gathering, Dr. Forson reiterated the government’s commitment to finalizing the remaining restructuring processes before the end of the year. He described the ongoing exercise as a crucial measure to stabilise the economy and “put this difficult chapter behind the nation.”
The Finance Minister reaffirmed the government’s dedication to prudent fiscal management and sustainable debt practices, emphasizing that the lessons from recent challenges would inform future economic policy. Dr. Forson also expressed gratitude to the Government and people of Spain for their steadfast support during the restructuring process.
The agreement is expected to expand Ghana’s fiscal space, boost investor confidence, and reinforce the country’s progress toward long-term economic resilience.
Source: Apexnewsgh.com
