The government has assured Ghanaians impacted by investment losses linked to the debt restructuring program, stemming from the COVID-19-induced economic downturn, that their losses will be recovered by the end of 2026.
This assurance is based on expectations of an economic rebound and positive improvements in the country’s macroeconomic indicators.
During a monthly press briefing, Finance Minister Dr. Mohammed Amin Adams emphasised that the government is committed to implementing long-term policies aimed at sustaining the recovery.
He expressed confidence that these measures will restore economic stability and create conditions for the recovery of investments.
“I do not have any doubt that in a year or two, those who have lost money will recover their money. I know they will be smiling to the bank. It has taken us a lot of effort to bring this economy back to this state. Many people doubted, but I want to reassure you that this recovery is not by accident but by strong policies.”
The Minister also pledged to honour all restructured debts given the economy’s positive outlook.
Highlighting recent impressive economic performance, Dr Mohammed Amin Adam was confident about the timely fulfilment of these obligations.
He added that the government is on track to settle obligations to Eurobond holders ahead of the January 2025 maturity date.
This will mark the second consecutive achievement in meeting its commitments, following the successful payment of $520 million in coupon obligations in October 2024.
The timely settlement signals the government’s commitment to maintaining its creditworthiness and rebuilding investor confidence amidst ongoing economic reforms.
By prioritising debt service, the administration aims to sustain access to international capital markets and support the broader goal of financial stability and economic recovery.
“Our next coupon payment will be on the 2nd January, we are ready. We are not going to default, we are ready.”
The Minister added that it will continue with its fiscal consolidation efforts with far-reaching benefits to better the lives of Ghanaians.
Source: CITINEWS
