Government contemplates a debt operation to ease pressures on budget

Government has hinted of a debt operation aimed at alleviating the pressures on the national budget and restoring debt sustainability.

In a statement by the Finance Ministry, it said the move would also open up financing streams and provide the needed balance of payment support.

Details of the different layers of debt operation, including the terms of the principal payments and interest on the public debt, it said are still being discussed, taking into account principles of debt sustainability and international best practices.

“All measures will be communicated by the Ministry of Finance in due course”, it explained.

The statement concluded that the government of Ghana reiterates its commitment to rolling out a lasting solution to the current economic challenges, with the ultimate goal of restoring macroeconomic stability and anchoring debt sustainability.  

Source: Ghana News