Ghana signs 11th bilateral debt restructuring deal with EXIM India

Ghana has signed its 11th bilateral debt restructuring agreement, this time with EXIM India.

Finance Minister Dr Cassiel Ato Forson described the agreement as a critical step in consolidating gains under the country’s broader debt restructuring programme.

He noted that Ghana is steadily progressing toward a low risk of debt distress, with improving macroeconomic indicators pointing to a sustained economic recovery.

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The Minister emphasised that the restructuring programme goes beyond easing the immediate debt burden, serving as a reset of Ghana’s borrowing strategy.

He reiterated that debt sustainability will remain central to all future financing decisions, stressing that the country will not return to a path of unsustainable borrowing.

EXIM India Resident Representative Rajesh Kumar Gulla expressed support for Ghana’s recovery efforts, noting that the institution understands the challenges the country faces and is encouraged by its recent progress.