Business News of Tuesday, 1 July 2025

Source: www.ghanaweb.com

Minister of Finance concludes debt restructuring talks in China

Dr Cassiel Ato Forson, Minister of Finance led Ghana's delegation for the meetings Dr Cassiel Ato Forson, Minister of Finance led Ghana's delegation for the meetings

Ghana’s Minister of Finance, Dr Cassiel Ato Forson, has concluded a series of engagements in China aimed at advancing the country’s ongoing debt restructuring efforts.

In a post on his social media handle, Dr Cassiel Ato Forson disclosed that the mission included meetings with China’s Ministry of Finance, China Exim Bank, and key financial and contractor creditors.

He noted that the discussions were constructive and represent significant progress toward finalising the debt restructuring process.

The finance minister described the engagements as a critical step in the government’s broader efforts to stabilise the economy, address the country’s debt challenges, and protect the well-being of citizens.

"We are steadily closing this difficult chapter in our economic history, and doing so with a solemn pledge; never again shall our people be subjected to such hardship," he added.

He indicated that the progress made in China strengthens Ghana’s position as it works to conclude this difficult chapter in the country’s economic history and move toward a more resilient, inclusive, and stable future.

“This mission was not just about numbers and negotiations, it was about safeguarding the future of our economy and the well-being of every Ghanaian,” he stated.

"The progress we’ve made gives me great confidence that we are on the brink of a new era of stability, resilience, and inclusive growth. Ghana will rise stronger from this episode in our history, and together, we will build an economy that delivers for every citizen," he concluded.