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Ghana's timely debt repayments enhance global financial market confidence, says Finance Minister
via GhanaWeb2 min read
Ghana's Finance Minister, Dr. Cassiel Ato Forson, announced that the country has gained credibility in international financial markets due to its timely debt repayments. During the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr. Forson stated that the government's commitment to making scheduled payments to bondholders has boosted its global standing. He emphasized that consistent, on-time payments are rebuilding investor confidence in Ghana's economy after a period of financial distress. Since January 2025, the government has paid US$2.1 billion in principal and interest to Eurobond holders without straining foreign exchange reserves. This renewed confidence has led to improved market conditions, with Ghana's borrowing costs decreasing and Eurobond yields declining by approximately 300 basis points this year. Dr. Forson attributed these improvements to the financial markets' recognition of the government's fiscal discipline and prudent debt management, indicating that Ghana is regaining the trust of both international and domestic investors through consistent actions. The budget review provides an update on the economy, government revenue and expenditure, debt servicing, and the fiscal outlook for the remainder of 2026.
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This summary was AI-generated from a story originally published by GhanaWeb.
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