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
-
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
34 minutes -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
54 minutes -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
56 minutes -
I’m confident posterity will judge my performance well – Akufo-Addo
1 hour -
Syria’s minorities seek security as country charts new future
2 hours -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
2 hours -
German police probe market attack security and warnings
2 hours -
Grief and anger in Magdeburg after Christmas market attack
2 hours -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
3 hours -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
3 hours -
Top 20 Ghanaian songs released in 2024
3 hours -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
4 hours -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
4 hours -
Kudus sights ‘authority and kingship’ for elephant stool celebration
4 hours -
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
4 hours