Belgium - Ghana News Express

Ghana Signs Debt Restructuring Agreement with Belgium, Marks Eighth OCC Deal

5Mar

By Enoch Ntiamoah SiawNo Comments

Business

Ghana Signs Debt Restructuring Agreement with Belgium, Marks Eighth OCC Deal

Ghana has signed a new debt restructuring agreement with the Kingdom of Belgium, marking a significant milestone in the country’s ongoing external debt recovery programme.In a statement issued after the signing ceremony, Finance Minister Cassiel Ato Forson said the agreement forms part of Ghana’s broader efforts to stabilise the economy following the severe financial crisis that hit the country between 2022 and 2023.From Crisis to RecoveryGhana endured one of its most challenging economic periods in recent history during 2022–2023, when mounting fiscal pressures and external shocks forced the government at the time to declare a debt default. The crisis triggered high inflation, currency instability, and significant hardship for households and businesses across the country.According to Dr. ...

Seven arrested in Germany, Belgium over suspected people’s smuggling

German and Belgian officers have detained seven people suspected of membership in a gang that smuggled almost 300 migrants to Germany, German police said on Tuesday. Six people were arrested in Belgium on outstanding arrest warrants, while one person was detained in Germany. According to prosecutors in Bavaria, German authorities simultaneously raided multiple flats in the Ansbach district and the eastern city of Leipzig. Investigators believe the gang has brought close to 300 migrants to Germany by car, mostly via Austria and Poland. Prosecutors did not reveal further details of the case, citing the ongoing investigation. Most of the suspected gang members are based in Belgium, according to initial findings. The group came to the attention of the authorities during ...

Rwanda severs ties with Belgium over ‘neo-colonial delusions’

Rwanda President Paul Kagame previously vowed to "stand up" to Belgium Rwanda has cut diplomatic ties with Belgium, saying it has been "consistently undermined" by the European nation during the ongoing conflict in the Democratic Republic of Congo. Brussels has been leading calls for European nations to sanction Rwanda over its support for the M23, a rebel group at the centre of DR Congo's crisis. The authorities in Kigali, Rwanda's capital, have given Belgian diplomats 48 hours to leave the country. Belgium, which is the former colonial power, has said it will respond to these measures and labelled Rwanda's decision "disproportionate". Despite assertions from the UN and US, Rwanda has denied backing the M23. In its statement on Monday, Kigali accused Brussels of at...