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Chinese Finance Minister says China has confidence in Ghana’s economic mgt

Chinese Finance Minister says China has confidence in Ghana’s economic mgt

The Chinese Minister of Finance, Liu Kun, has said that his country has confidence in Ghana’s economic management and its long-term economic viability.

This was after Ghana’s Finance Minister Ken Ofori-Atta highlighted how exogenous factors have negatively impacted Ghana’s economy.

Mr Ofori-Atta also mentioned the Domestic Debt Exchange Programme that has been introduced by the government as an indication that Ghana was ready to take the necessary action to readjust its fiscal path.

In response, Mr Kun said as quoted by the state owned Graphic.com.gh, “we know that these are short-term challenges which 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 further said it was the hope of his country that Multilateral and Commercial creditors would also fully participate in the interest of burden sharing.

“Chinese authorities have confidence in Ghana’s economic management, and its long-term economic viability,” Mr Kun said.

He added “China believes in promoting debt sustainability and sustainable development,”

He said these when Mr Ofori-Atta, led a high-level delegation from the ministry to China to engage in bilateral talks with his Chinese counterpart and other Chinese officials.

Earlier, Ghana’s Finance Ministry said that Mr Ken Ofori-Atta had very positive and encouraging meetings in China.

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The Ministry said they were looking forward to securing external assurances very soon.

“So far had very positive and encouraging meetings in China! Looking forward to securing external assurances very soon, even as we pass our outstanding domestic revenue bills back home. Great progress on all fronts…#ResolvingTogether #GhanaFirst,” the Office of the Finance Minister tweeted on Friday.

Source: 3news

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