Mohammed Amin Adam
Finance Minister Dr. Mohammed Amin Adam has announced Ghana's successful completion of its debt restructuring program with official creditors, restructuring $5.1 billion in debt and $13.1 billion with Eurobond holders.
These efforts have resulted in $8 billion in savings for the country.
The government also secured delayed interest payments and maturity date postponements in a restructured debt deal with bilateral creditors.
The restructuring is part of Ghana's effort to reduce debt to 55% of GDP by 2028, as required by the IMF.
Despite challenges, Ghana's economy outperformed IMF expectations, growing 2.9% in 2023, and the revised debt sustainability analysis accommodates the agreement with bondholders.
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