Abena Osei-Asare hails Ghana’s debt restructuring milestone
Former Deputy Finance Minister Abena Osei-Asare has announced that Ghana has reached a key milestone in its debt restructuring process following the final endorsement of the Memorandum of Understanding (MoU) by six remaining Partner Creditor Countries. In a Facebook post on 30 January 2025, Osei-Asare described the development as a major step towards economic recovery. […] The post Abena Osei-Asare hails Ghana’s debt restructuring milestone appeared first on MyNewsGh.
Former Deputy Finance Minister Abena Osei-Asare has announced that Ghana has reached a key milestone in its debt restructuring process following the final endorsement of the Memorandum of Understanding (MoU) by six remaining Partner Creditor Countries.
In a Facebook post on 30 January 2025, Osei-Asare described the development as a major step towards economic recovery.
She attributed the achievement to prudent fiscal management, strategic negotiations, and decisive policies implemented under the New Patriotic Party (NPP) government.
She commended the leadership of the then Finance Minister, Mohammed Amin Adam, stating that his efforts enabled Ghana to navigate complex financial discussions and secure favourable debt relief terms.
According to her, the agreement, initially signed in June 2024, secures approximately US$2.8 billion in debt service relief under the Common Framework for Debt Treatment, contributing to the total US$8.3 billion relief announced last year. This brings Ghana’s debt restructuring process to 93% completion.
Osei-Asare urged the current government to remain committed to the agreed terms to ensure long-term debt sustainability and responsible fiscal management. She emphasised that the upcoming negotiations with commercial creditors would be critical and called for a bold, transparent approach that prioritises national economic interests.
She also acknowledged the support of development partners and stressed the importance of continued collaboration and sound economic policies in strengthening Ghana’s financial resilience.
“With this latest milestone, Ghana is on a firmer path to economic recovery, paving the way for a more stable and sustainable financial future,” she wrote.
The final endorsement of the MoU represents a crucial step in Ghana’s economic revitalisation, reinforcing hopes for improved financial stability and growth.
See her post below:
The post Abena Osei-Asare hails Ghana’s debt restructuring milestone appeared first on MyNewsGh.
