Liu Kun, the Chinese Minister of Finance, has stated that his country believes in Ghana’s economic management and long-term economic viability.
This came after Ghana’s Finance Minister, Ken Ofori-Atta, emphasized how exogenous forces have harmed the country’s economy.
Mr. Ofori-Atta also mentioned the government’s Domestic Debt Exchange Program as evidence that Ghana was willing to take the necessary steps to realign its fiscal path.
According to Mr. Kun, “we know that these are short-term challenges that we as responsible creditors remain committed to resolving,” and that “the long-standing and prosperous relationship between Ghana and China imposes on us, a responsibility to help.”
The Chinese Finance Minister also expressed his country’s expectation that multilateral and commercial creditors would actively participate in the interest of burden sharing.
Mr. Kun stated that “China authorities have faith in Ghana’s economic management and long-term economic viability.” “China believes in fostering debt sustainability and sustainable development,” he continued.
He mentioned this while leading a high-level delegation from the ministry to China to meet with his Chinese counterpart and other Chinese officials. Ghana’s Finance Ministry previously stated that Mr. Ken Ofori-Atta had very positive and encouraging meetings in China.
Credit: 3news
