Audio By Carbonatix
An international relations analyst, Dr Ishmael Hlovor, has called on the Ghanaian government to honour its payment agreements with international creditors to rebuild trust and maintain access to global financial support.
His comments come after the U.S. government, represented by Senator James Risch recently urged U.S. Treasury Secretary Janet Yellen to leverage America’s influence as the IMF’s largest shareholder to ensure Ghana honours its obligations to American companies.
He suggested withholding U.S. support for future IMF assistance until Ghana repays its debts.
Read also; U.S. Senator wants Ghana to pay off debts to American companies with IMF funding or…
In an interview on Joy FM's Middaynews on Thursday, January, 16, Dr Hlovor noted that these actions are a clear signal from the U.S. to Ghana about the importance of honouring international obligations.
"What the Senator is trying to do is use U.S. influence within the IMF to put pressure on Ghana to address its financial commitments. They are emphasising that without honouring these obligations, Ghana risks losing future international financing," Dr Hlovor explained.
Dr Hlovor emphasised the need for Ghana to engage with its creditors and develop realistic payment plans. He warned that repeated defaults on agreed schedules erode trust and damage Ghana’s credibility in the global financial community.
Read also; Tap into reserves for debt repayment amid growing international pressure – Prof Peprah to gov’t
"If you agree on a payment plan with a creditor and keep defaulting, they lose trust in you. This jeopardizes your economic relationships and discourages foreign investors from considering Ghana as a viable destination," he stated.
He, therefore, urged the government to implement a sustainable payment strategy, honour commitments on time, and work to re-establish trust among international stakeholders.
The analyst also noted that if Ghana does not take corrective measures, the U.S., as a significant stakeholder, could influence the IMF to withhold further financial programmes, thereby isolating Ghana from critical international support.
Latest Stories
-
Blind refugee found dead in New York after being released by immigration authorities
13 minutes -
Stanbic Bank Ghana leads $205m financing for Engineers & Planners
20 minutes -
Mobile Money Ltd’s Paapa Osei recognised in Legal 500 GC Powerlist: Ghana 2026
40 minutes -
Flights in and out of Middle East cancelled and diverted after Iran strikes
58 minutes -
Dr Maxwell Boakye to build 50-bed children’s ward at Samartex Hospital in honour of late mother
1 hour -
One killed and 11 injured at Dubai and Abu Dhabi airports as Iran strikes region
1 hour -
Former MCE, 8 others remain in custody over alleged land fraud in Kumasi
1 hour -
Black Queens players stranded in UAE over Israel-Iran conflict
2 hours -
James Owusu declares bid for NPP–USA chairman, pledges renewal and unity
2 hours -
Trump threatens strong force if Iran continues to retaliate
3 hours -
Lekzy DeComic gears up for Easter comedy special ‘A Fool in April’
4 hours -
Iran declares 40 days of national mourning after Ayatollah Ali Khamenei’s death
5 hours -
Family of Maamobi shooting victim makes desperate plea for Presidential intervention
6 hours -
Middle East turmoil threatens to derail Ghana’s single-digit gains
6 hours -
Free-scoring Semenyo takes burden off Haaland
7 hours
