Mid-Year budget review: Govt pays GH₵12bn to bondholders – Amin Adam
In an effort to stabilize Ghana’s economy and restore investor confidence, the government paid GHS12 billion to bondholders under the Domestic Debt Exchange Programme.
Dr Mohammed Amin Adam, Finance Minister, presented the mid-year budget review to Parliament on Tuesday, July 23, stressed the government’s commitment to meeting its financial obligations and ensuring economic stability.
“The payment of GHS12 billion to bondholders marks a critical step in our efforts to restore confidence in the financial markets and stabilise the economy. This payment is a testament to our commitment to fiscal discipline and prudent financial management,” the Karaga MP stated.
The Finance Minister explained how this payment fits into the overall agenda of economic recovery and prosperity.
The Domestic Debt Exchange Programme, which was implemented to manage and restructure the country’s debt, has been critical to attaining these objectives.
“Through this programme, we have not only managed to honour our commitments to bondholders but also created a more sustainable debt profile for the nation,” Dr Adam explained.