Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has concluded a series of high-level discussions with major Chinese financial institutions, describing the outcome as a significant breakthrough in the country’s debt restructuring process.
In an update shared on his official Facebook page, Dr. Forson revealed that engagements with China’s Ministry of Finance, the China Exim Bank, and other key financial and contractor creditors had yielded meaningful progress towards securing a final agreement on Ghana’s external debt.
“My trip to China has come to an end, marked by constructive and forward-looking engagements,” he stated. “These discussions represent a monumental step forward in our efforts to bring finality to the debt restructuring process we inherited.”
Dr. Forson emphasized that the mission was driven not only by the technical aspects of negotiation but also by a firm commitment to Ghana’s economic revival and the long-term well-being of its citizens.
“This mission was not just about numbers—it was about safeguarding the future of our economy and the well-being of every Ghanaian,” he stressed.
The Finance Minister expressed optimism about the country’s direction, noting that Ghana is making steady progress toward overcoming its economic challenges and transitioning into a phase of sustainable growth.
“We are steadily closing this difficult chapter in our economic history,” he said. “We will rise stronger from this episode, and together, we will build an economy that delivers for every citizen.”
The visit to China forms part of Ghana’s broader strategy to secure favourable terms from external creditors as the country implements reforms under its post-pandemic recovery framework and IMF-supported economic programme.
