Ghana Makes Debt Deal Strides as Finance Minister Concludes Landmark China Talks

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has wrapped up high-level discussions in China, signaling a significant breakthrough in the country’s ongoing debt restructuring process. His meetings with China’s Ministry of Finance, the China Exim Bank, and other major financial stakeholders are said to have produced meaningful progress, moving Ghana closer to finalizing a crucial debt deal.

Dr. Forson emphasized the importance of the talks, describing them as “constructive and forward-looking.” He noted that the trip was a turning point in resolving the debt crisis his administration inherited, and stressed that the objective extended beyond financial negotiations to include the broader goal of national economic recovery.

He highlighted that the mission in China was not just about numbers, but about protecting the livelihood and future of all Ghanaians. The Finance Minister expressed that these engagements were deeply tied to a national vision for economic resilience and sustainable growth.

With a sense of optimism, Dr. Forson shared that Ghana is nearing the end of what has been a challenging chapter in its financial history. He believes the country is now positioned to embark on a period defined by stability, inclusion, and strength.

This diplomatic and financial outreach is part of Ghana’s larger plan to secure favorable debt terms from international creditors, in alignment with its post-COVID recovery framework and the International Monetary Fund’s (IMF) support programme aimed at restoring macroeconomic stability.

Source: Citi newsroom