End of Debt restructuring brings some certainty into financial market Peter Quartey [Video]

Director at the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, Prof Peter Quartey says the country official completion of debt restructuring to official creditors will restore some certainty in the financial market.

Finance Minister Dr Mohammed Amin Adam  announced the completion of Ghana’s debt restructuring programme with its official creditors.

According to the Member of Parliament for Karaga, the government has successfully restructured its debt of 5.1 billion dollars with these creditors, in addition to concluding the restructuring of 13.1 billion dollars with Eurobond holders.

Addressing attendees at a UK Town Hall meeting, Dr Amin Adam highlighted that these efforts have resulted in savings of 8 billion dollars for the country.

“Last two weeks, we concluded negotiations with the official creditors, and we have agreed to restructure 5.1 billion dollars. I am telling you that the government is good in negotiations and of this …