Ghana's Presidential Advisor on the Economy, Seth Terkper, has called for the establishment of a comprehensive debt repayment mechanism as government prepares to re-enter both domestic and international capital markets.
Speaking at the Graphic Ecobank Economic Forum in Accra, Mr.
Terkper stressed that while the decision to reopen the capital markets, especially the bond market-is timely, it must be anchored on prudent fiscal discipline and a credible debt management strategy to restore investor confidence. "The discipline is, as I said, if we are going to reintroduce [bonds], we must introduce a debt repayment mechanism," Terkper said.
He noted that the country's overreliance on short- to medium-term borrowing instruments like treasury bills and hybrid bonds is unsustainable, particularly for financing long-term development needs.
