Ghana, Belgium Sign Debt Restructuring Agreement – Ato Forson

Ghana has signed a debt restructuring agreement with Belgium covering debt owed to Belgium’s export credit agency.

The Finance Minister, Dr Cassiel Ato Forson, disclosed this in a Facebook post on Friday.

According to the Minister, the agreement eases pressure on the national budget and frees more resources for critical sectors including healthcare, education and roads.

“A short while ago, Ghana and Belgium signed an agreement to restructure debt owed to Belgium’s export credit agency.

“This eases pressure on the national budget and frees more resources for healthcare, education and roads,” Dr Forson wrote.

The deal forms part of Ghana’s ongoing external debt restructuring efforts aimed at restoring debt sustainability and creating fiscal space for development.

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