DDEP: Gov’t Pledges Full Recovery of Investment Losses by 2026 Amid Economic Recovery
The Government has assured citizens that losses sustained during its debt restructuring program will be fully recovered by 2026. Finance Minister Dr. Mohammed Amin Adam, cited the country’s improving macroeconomic indicators and a robust recovery plan as the foundation for the commitment.
Speaking at the Ministry’s Monthly Economic Update on December 3, 2024, Dr. Amin Adam expressed confidence in the government’s ability to restore economic stability and safeguard investments.
“I have no doubt that within a year or two, those who have lost money will recover their funds and be smiling to the bank,” he said, emphasizing that the turnaround has been driven by deliberate policy interventions rather than by chance.
The commitment to addressing investment losses marks a critical step in Ghana’s broader economic recovery.
The assurance comes as the government seeks to balance its fiscal consolidation agenda with efforts to rebuild public trust following the disruptions caused by the debt restructuring process.
Dr. Amin Adam speaking further, highlighted the recent payment of $520 million in Eurobond coupon obligations in October 2024 and confirmed plans to settle the country’s January 2025 Eurobond obligations.
“Our next payment is due on January 2nd, and we are fully prepared. There will be no default,” he affirmed, signaling Ghana’s determination to rebuild its creditworthiness.
By prioritizing debt repayments and policy discipline, the government seeks to regain access to international capital markets and rebuild confidence in its economic management.
Economic Outlook and Fiscal Consolidation
The Finance Minister expressed optimism about the trajectory of Ghana’s economy, driven by fiscal consolidation efforts and structural reforms.
He noted that the government’s approach aims not only to restore financial stability but also to create a resilient economic environment capable of sustaining growth and improving livelihoods.
The Minister’s remarks underscore a broader narrative of economic resilience, as Ghana navigates the challenges of recovery while positioning itself as a stable and credible player in the international financial arena.
