By Ashiadey Dotse
Finance Minister Cassiel, Ato Baah Forson, has announced that Ghana has signed its 11th bilateral debt restructuring agreement, this time with EXIM Bank of India, as part of efforts to stabilise the country’s economy.
According to the Minister, the agreement marks steady progress in Ghana’s debt restructuring programme and signals a move towards a lower risk of debt distress. He said current indicators show that the country is gradually recovering, with the most difficult period now behind it.
Dr. Forson, in a Facebook post on Monday, March 30, 2026, assured that the government remains committed to honouring all restructured debt obligations on time, adding that debt sustainability will remain a key priority in all future financial decisions.
He stressed that Ghana will not return to a path of excessive borrowing, noting that lessons have been learned from past challenges.
As part of new measures to strengthen financial discipline, the government plans to introduce a new Loans Act. The proposed law will clearly define how borrowed funds should be used, ensuring that all loans are directed toward high-impact projects that provide value for money.
The Finance Minister said the government’s approach is guided by a simple principle: every loan must be justified and must deliver real benefits to the Ghanaian people.
