Government is confident that it will honour all restructured debts in 2 years considering the outlook of the economy.

This was disclosed by the Minister of Finance and Member of Parliament for Karaga, Dr. Mohammed Amin Adam at the monthly economic press briefing.

Citing government’s impressive economic performance in the last couple of months, he was optimistic the Finance Ministry will honour its obligation on time.

Dr. Adam pointed out that the robust policies implemented will ensure persons and companies affected by the restructuring recover their investments.

“I do not have any doubt that in a year or two, those who have lost money will recover their money,” he assured.

He noted that government is on course to settle Eurobond holders ahead of the coming maturity date in January, 2025, for the second time after successfully honouring coupon payments amounting 520 million dollars in October 2024.

“Our next coupon payment will be 2nd January, we are ready. We are not going to default, we are ready.”

On the performance of the economy, Dr. Adam stated that “the Ghanaian economy has rebounded, and indeed has done so very strongly”.

“It is instructive to mention that, while the nominal size of the Ghanaian economy was 56 billion USD in 2016, by the end of 2023, the nominal size increased to 76 billion USD representing an increase of 20 billion USD in seven years”.

He projected that the figure is expected to be more by the end of 2024 when the Ghana Statistical Service puts out the end year data.