Finance Minister Dr. Cassiel Ato Forson has announced that Ghana has signed a debt restructuring agreement with the Kingdom of Belgium as part of efforts to stabilise the country’s economy following the recent financial crisis.
“On behalf of the Government of Ghana, I signed a debt restructuring agreement with the Kingdom of Belgium,” Dr. Ato Forson stated in a post on Facebook on Thursday, March 5.
He recalled that Ghana went through a difficult period between 2022 and 2023 when the country faced a severe financial crisis that forced the government at the time to declare a debt default.
“Ghana went through an extremely difficult period in 2022–2023, when the country faced a severe financial crisis that led the government at the time to declare a debt default,” he noted.
According to the Finance Minister, the country is now gradually turning the corner as the economy begins to recover.
“Today, however, the story is changing. Ghana is recovering and witnessing a significant economic turnaround, while we also put in place stronger systems to ensure we do not return to that point again,” he added.
Dr Forson explained that the agreement with Belgium marks the eighth deal Ghana has concluded with countries under the Official Creditor Committee (OCC) as part of the external debt restructuring programme.
“This agreement with Belgium represents the eighth agreement Ghana has concluded with Official Creditor Committee (OCC) countries under our external debt restructuring programme,” he said.
He also expressed appreciation to the Government of Belgium and its Ambassador to Ghana, H.E. Carole van Eyll, for their support.
“On behalf of the Government and people of Ghana, I expressed my sincere gratitude to the Government of Belgium and to H.E. Carole van Eyll, the Ambassador of Belgium to Ghana, for their support and continued partnership with Ghana,” he stated.
