• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

ISSER boss urges Ghana to learn from Zambia’s debt exchange success

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
85
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

ISSER boss urges Ghana to learn from Zambia’s debt exchange success

In a thought-provoking address at the ISSER Development Dialogue, Professor Peter Quartey, the Director of the prestigious Institute of Statistical, Social, and Economic Research, underlined the critical importance of Ghana drawing invaluable insights from Zambia’s recent debt exchange triumph.

Under the captivating theme, “The Effects of a Second Round of Debt Exchange in Ghana,” the stage was set for a compelling comparative analysis.

Zambia, with remarkable finesse, masterminded the restructuring of a some US$6.3 billion debt owed to official bilateral creditors. Their ingenious approach extended debt maturities by over a decade while slashing interest rates to a mere 1.0% for 14 years, gradually rising to a maximum of 2.5% thereafter.

This strategic financial maneuver is anticipated to net Zambia a staggering US$5.0 billion in debt service payment savings from 2023 to 2031, a feat worth applauding.

In stark contrast, Zambia has committed to repaying its official creditors approximately US$750 million over the coming decade, a profound reduction from the initial debt burden of nearly US$6.0 billion.

As Ghana navigates its intricate debt exchange voyage, Professor Quartey fervently underscored the paramount significance of assimilating these invaluable lessons.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

At present, Ghana finds itself in the crucial finalization stages of its bilateral debt agreements, with the added complexity of domestic debt management.

A crucial takeaway from Zambia’s experience lies in safeguarding domestic financial stability. Zambia wisely chose not to restructure non-resident holdings of local currency bonds and Treasury bills, prioritizing the health of its financial sector. This prudent decision offers Ghana an instructive blueprint as follows:

  • The Frenzy for Treasury Bills: The allure of high-interest rates on Treasury Bills can exacerbate the debt situation and inflict financial strain.
  • Crowding Out Private Enterprise: Excessive government investment in Treasury Bills can discourage private sector participation, casting a shadow on economic growth prospects.
  • The Ripple Effect on Lending Rates: Elevated lending rates act as a deterrent to private sector borrowing, affecting businesses and overall economic expansion.
  • The Nexus to Financial Sector Stability: Safeguarding the robustness of the financial sector assumes paramount importance in nurturing overall economic well-being.

Professor Quartey closed his address by reiterating that Ghana’s ongoing debt exchange should be astutely guided by the sagacious lessons discerned from Zambia’s experience. Striking an exquisite equilibrium between securing favorable terms and fortifying domestic financial stability stands as the linchpin to ushering in a future marked by economic steadfastness and prosperity.

Tags: ghanaISSERISSER boss urges Ghana to learn from Zambia's debt exchange successZambia
No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.