Ghana news briefing
Ghana secures €163m debt restructuring deal with Belgium – Ato Forson
He recalled that Ghana had reached a point where about 55% of national revenue was being used to service debt, leaving the country with limited resources to provide public goods and services.
He said the agreement forms part of the government’s wider efforts to restore fiscal stability and reduce the burden of debt servicing on the national budget.
He explained that debt restructuring would reduce pressure on the national budget and allow more government resources to be directed towards essential public services and infrastructure.
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