Ghana has taken another decisive step in its debt restructuring journey, as Finance Minister Dr. Cassiel Ato Forson signed the country’s 11th bilateral agreement, this time with EXIM India.
The agreement forms part of ongoing efforts to stabilize the economy and reduce the nation’s debt risk profile. Dr. Forson emphasized that Ghana is “moving steadily towards a low risk of debt distress, with clear indicators that the worst is behind us.”
He assured that government remains committed to honoring all restructured obligations on time, while keeping debt sustainability at the core of future financing decisions. “Ghana will not return to a path of unsustainable borrowing,” he stated.
As part of this fiscal reset, government plans to introduce a new Loans Act. The legislation will strictly define the use of borrowed funds, ensuring that every loan is tied to high-impact, value-for-money investments.
“Our guiding principle is simple: whatever we borrow must be worth it and must deliver tangible benefits to the Ghanaian people,” Dr. Forson affirmed.
The latest agreement with EXIM India adds momentum to Ghana’s broader debt restructuring program, signaling progress toward restoring economic stability and investor confidence.
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