Government has hinted of a debt management aimed at alleviating the pressures on the national budget and restoring debt sustainability.
In a statement by the Finance Ministry, the government said it will be guided by international best practices in debt operations.
It explained that the move would also open up financing streams and provide the needed balance of payment support.
Details of the different layers of debt operation, including the terms of the principal payments and interest on the public debt, it said, are still being discussed, taking into account principles of debt sustainability and international best practices.
“All measures will be communicated by the Ministry of Finance in due course”, it explained.
The statement concluded that the government of Ghana reiterates its commitment to rolling out a lasting solution to the current economic challenges, with the ultimate goal of restoring macroeconomic stability and anchoring debt sustainability.
Below is the statement
Latest Stories
-
Ghana and Seychelles strengthen bilateral ties with focus on key sectors
6 mins -
National Elections Security Taskforce meets political party heads ahead of December elections
9 mins -
Samsung’s AI-powered innovations honored by Consumer Technology Association
29 mins -
Fugitive Zambian MP arrested in Zimbabwe – minister
47 mins -
Town council in Canada at standstill over refusal to take King’s oath
58 mins -
Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws
1 hour -
Providing quality seeds to farmers is first step towards achieving food security in Ghana
1 hour -
Thousands of PayPal customers report brief outage
1 hour -
Gary Gensler to leave role as SEC chairman
2 hours -
Contraceptive pills recalled in South Africa after mix-up
2 hours -
Patient sues Algerian author over claims he used her in novel
2 hours -
Kenya’s president cancels major deals with Adani Group
2 hours -
COP29: Africa urged to invest in youth to lead fight against climate change
2 hours -
How Kenya’s evangelical president has fallen out with churches
3 hours -
‘Restoring forests or ravaging Ghana’s green heritage?’ – Coalition questions Akufo-Addo’s COP 29 claims
3 hours