Ghana, UK Sign $256m Bilateral Debt Restructuring Agreement

Finance Minister Finalizes Historic Debt Restructuring Deal with United Kingdom

In a significant move aimed at easing the nation’s fiscal pressures, the Finance Minister has officially signed a bilateral debt restructuring agreement with the United Kingdom, as announced by 3News today. This development marks a critical step in fostering economic stability and strengthening financial relations between the two countries, offering renewed hope for sustainable debt management and future growth. Finance Minister Finalizes Bilate…

Ghana, UK Seal 15-Year Debt Deal To Unlock GH¢256m For Key Infrastructure Projects

By Emmanuel Nduka Obisue  Ghana and the United Kingdom have signed a landmark bilateral agreement to restructure sovereign debts, paving the way for renewed infrastructure development and fiscal stability. Heritage Times HT reports that the deal, which extends Ghana’s bilateral debt repayment to the UK by 15 years, forms part of the external debt restructuring programme launched in 2023. It is also expected to unlock GH¢256 million for the resum…

Ghana, UK sign $256m bilateral debt restructuring agreement

Ghana has entered into a bilateral debt restructuring agreement valued at $256 million with the United Kingdom, as part of the Official Creditor Committee (OCC) arrangement. The agreement was signed on behalf of Ghana by the Minister of Finance, Dr Cassiel Ato Baah Forson, yesterday, while Mr John Humphrey, the UK Trade Com­missioner for Africa, signed on behalf of the UK. This agreement will enable both nations to consider the resumption of fiv…

UK debt deal unlocks £170m for stalled projects

By Joshua Worlasi AMLANU The government has sealed a bilateral debt restructuring agreement with the United Kingdom, paving the way for the restart of infrastructure projects worth about £170 million (US$207 million). The deal with UK Export Finance (UKEF) extends repayment of Ghana’s bilateral debt to the UK by 15 years. It forms part of the country’s broader external debt restructuring under the G20 Common Framework, which followed its 2022 de…

Ghana Signs $256m Debt Restructuring Agreement with the UK

By Ashiadey Dotse  ‎Ghana’s Minister of Finance, Dr. Cassiel Ato Baah Forson, has signed a Bilateral Debt Restructuring Agreement worth about US$256 million with the United Kingdom to support the country’s ongoing debt restructuring efforts. The agreement was signed in Accra with Mr. John Humphrey, His Majesty’s Trade Commissioner for Africa, representing the UK. ‎‎According to Dr. Forson, the deal represents another important step in Ghana’s re…

Ato Forson signs $256m debt deal with UK

Finance Minister, Dr. Cassiel Ato Forson, has announced the signing of a US $256 million bilateral debt restructuring agreement with the United Kingdom, marking another significant step in the country’s economic recovery process. “On behalf of the Republic of Ghana, I signed a Bilateral Debt Restructuring Agreement with the United Kingdom, represented by His Majesty’s Trade Commissioner for Africa, Mr. John Humphrey. The agreement covers about U…