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
-
The media isn’t doing what is expected of journalism – Sulemana Braimah
1 min -
Truck driver alleged to have caused train accident jailed 6 months
11 mins -
Music review: Okyeame Kwame proves rap dexterity on ‘No Competition’
17 mins -
How a 23-year-old fooled the internet with an AI Kendrick Lamar diss track
38 mins -
No man should be intimidated by the strength of a woman – Charlotte Oduro
40 mins -
Ghana is not immune to terrorist attack – National Security
41 mins -
WAFU B U-17 Championship: Ghana drawn in Group A, face Benin and Cote d’Ivoire
1 hour -
Two hit by stray bullet as Police clash with ‘wee smokers’
1 hour -
Okyeame Kwame aims for another Artiste of the Year win after 15 years
1 hour -
NAGRAT gives government one-week ultimatum to redeem unpaid pensions for 700,000 workers
1 hour -
Deloitte launches Technology, Media and Telecom predictions for 2024
2 hours -
Meta AI expands to Ghana, Nigeria and other countries in Africa; adds new features
2 hours -
GPL: Expect a new Kotoko against Samartex – Ogum tells fans
3 hours -
Court orders service of notice for DNA test to Mohbad’s wife
3 hours -
Changes to Ghana’s oil and gas royalty and licensing scheme to be implemented in 2024
3 hours