The government has promised Ghanaians affected by investment losses from the debt restructuring program, caused by the COVID-19 economic downturn, that they will recover their losses by the end of 2026.
This promise is based on expectations of an economic recovery and improvements in the country’s macroeconomic indicators.
Speaking at a monthly press briefing, Finance Minister Dr. Mohammed Amin Adams reassured the public that the government remains committed to long-term policies designed to sustain the recovery.
He expressed confidence that these actions will stabilize the economy and create favorable conditions for investment recovery.
“I do not have any doubt that in a year or two, those who have lost money will recover their money. I know they will be smiling to the bank. It has taken us a lot of effort to bring this economy back to this state. Many people doubted, but I want to reassure you that this recovery is not by accident but by strong policies”.
The Minister also committed to honoring all restructured debts, given the optimistic economic outlook.
Pointing to recent strong economic performance, Dr. Mohammed Amin Adams expressed confidence in meeting these obligations on time.
He further stated that the government is on course to fulfill its Eurobond payments before the January 2025 maturity deadline.
This would mark the second consecutive success in meeting its debt commitments, following the October 2024 payment of $520 million in coupon obligations.
The timely payments reflect the government’s dedication to maintaining its creditworthiness and rebuilding investor trust as it continues with economic reforms.
By prioritizing debt servicing, the government aims to ensure continued access to international capital markets and contribute to the broader objectives of financial stability and economic recovery.
“Our next coupon payment will be 2nd January, we are ready. We are not going to default, we are ready.”
The Minister added that it will continue with its fiscal consolidation efforts with far-reaching benefits to better the lives of Ghanaians.