Gov’t committed to completing debt restructuring programme as soon as possible – Ato Forson

Finance Minister Dr. Cassiel Ato Forson has announced significant progress in Ghana’s debt restructuring efforts, stating that 93% of the country’s total debt has been restructured.

Presenting the 2025 Budget on March 11, he attributed the reduction in Ghana’s debt-to-GDP ratio to a 37% haircut on both principal and interest payments for Eurobond holders. The remaining 7% of the restructuring, amounting to $2.7 billion owed to commercial creditors, is yet to be finalized.

Dr. Forson reaffirmed the government’s commitment to completing the restructuring process swiftly to ensure debt sustainability and economic stability.