Former president John Dramani Mahama has reacted to government's announcement that certain categories of its external debts repayments cannot be honoured per agreed terms. Government through the Ministry of Finance in statement dated Monday, December 19 said it will suspend all debt service payments under certain categories of the country’s external debt component. The move according to government is an interim emergency measure pending further agreement with the relevant creditors while some analysts have described it as Ghana effectively defaulting on its external debt. What else the Finance Ministry statement said:The statement issued by the Ministry and sighted by GhanaWeb Business noted the decision is pending an orderly restructuring of the affected debt obligations. “We are also evaluating certain specific debts related to projects with the highest socio-economic impact for Ghana which may have to be excluded.

Source: GhanaWeb December 20, 2022 17:49 UTC