Finance Minister Dr. Cassiel Ato Forson has reassured Ghana’s banking sector that the government has put in place strong financial measures to meet all obligations under the Domestic Debt Exchange Programme (DDEP) this year.
Speaking at a high-level meeting with over 22 Managing Directors of banks, Dr. Forson dismissed concerns about possible defaults, stating, “We do not intend to default.”
He further assured stakeholders that outstanding holdouts have been settled and that financial buffers have been built to sustain all DDEP commitments.
“All outstanding holdouts have been paid, and we have put in place the necessary buffers to ensure that every single DDEP obligation for this year will be met,” he affirmed.
Acknowledging past challenges, the Finance Minister emphasized that the government had learned from its previous experiences and was committed to maintaining fiscal discipline.
“We have learned from the past. We are not going to be reckless,” he assured the banking executives.
Dr. Forson also highlighted the government’s dedication to collaborating with financial institutions to ensure a stable economic environment.
“We have built the necessary buffers to meet our obligations, and we will work with you to ensure a stable and prosperous economy,” he stated.
