The Ghanaian delegation, led by Minister for Finance Dr. Cassiel Ato Forson, held a high-level engagement with international buyers on the sidelines of the continuing Worldwide Financial Fund-World Financial institution Spring Conferences in Washington, D.C.
The occasion, hosted by the worldwide regulation agency Hogan Lovells, introduced collectively key stakeholders to deliberate on Ghana’s financial restoration technique, progress below the IMF programme, and future funding prospects.
The delegation included the Governor of the Financial institution of Ghana, Dr. Johnson Pandit Asiama, and Seth Terkper, Presidential Advisor on the Financial system. Collectively, they offered a unified entrance on Ghana’s efforts to reset its financial system and restore market confidence following years of macroeconomic challenges and sovereign debt restructuring.
In his keynote presentation, Dr. Forson emphasised the federal government’s dedication to prudent fiscal administration, supported by sturdy reforms in public monetary administration, tax administration, and expenditure controls.
“The 2025 Price range marks a turning level,” he famous. “It’s about restoring fiscal accountability, making certain debt sustainability, and fostering inclusive development by way of job creation and social safety.”
Dr Asiama highlighted the central financial institution’s inflation-targeting coverage and financial tightening stance, which have contributed to forex stability and enhancing reserve buffers.
He reaffirmed the Financial institution of Ghana’s resolve to keep up value stability whereas supporting monetary system resilience and development.
The presentation showcased Ghana’s macroeconomic progress, together with a rebound in GDP development to five.7% in 2024, declining inflation, and a debt-to-GDP ratio on observe to fall under 55% by end-2025. The workforce additionally spotlighted key structural reforms, such because the operationalization of the one treasury account for the vitality sector and amendments to the PFM and Procurement Acts to curb arrears and inefficiencies.
Buyers have been up to date on the standing of Ghana’s debt restructuring, with over 93% of eligible public debt already restructured. This milestone, the delegation famous, positions Ghana for optimistic credit standing evaluations and eventual reentry into the worldwide capital markets.
Mr. Terkper underscored the significance of credibility and transparency in rebuilding belief with the investor group.
“Our actions are deliberate and structured to align with long-term financial transformation. Ghana is open for enterprise,” he mentioned.
The investor dialogue supplied a possibility for Ghana to strengthen its reform agenda and guarantee collectors of its dedication to sustained macroeconomic stability and development.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
Source link
