Finance Minister Ato Forson on debt commitments; Assures Banks of Full Commitment to Domestic Debt Exchange Obligations
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has reassured the banking sector that the government is fully prepared to meet all its financial commitments under the Domestic Debt Exchange Programme (DDEP) this year.
Addressing over 22 Managing Directors of banks at a high-level meeting, Dr. Forson dismissed concerns about potential defaults, making it clear that the government remains steadfast in honoring its obligations.
“We do not intend to default,” he stated firmly.
He further assured financial stakeholders that outstanding holdouts had been fully settled and that the government had established strong financial buffers to ensure the sustainability of the DDEP.
“All outstanding holdouts have been paid, and we have built the necessary buffers to guarantee that every single DDEP obligation for this year will be met,” Dr. Forson affirmed.
Recognizing past economic challenges, the Finance Minister emphasized that lessons had been learned and that fiscal responsibility would remain a top priority.
“We have taken key lessons from the past, and we will not be reckless in our financial management,” he reassured banking executives.
Dr. Forson also reiterated the government’s commitment to working closely with financial institutions to maintain stability and drive economic growth.
“We have put the right financial structures in place to meet our obligations, and we will continue collaborating with you to ensure a stable and prosperous economy,” he added.
His strong reassurances come as a confidence boost to Ghana’s banking sector, reinforcing the government’s commitment to economic stability and responsible fiscal management.
SOURCE : DEW360.NET
