Dr Cassiel Ato Forson, Minister of Finance
The Government of Ghana through the Ministry of Finance has announced continued progress in its ongoing debt restructuring negotiations with international creditors, reaffirming its commitment to equitable treatment for all parties involved.
In a statement released by the ministry on May 29, 2025, government assured the public and international stakeholders that discussions with all remaining creditors within the debt restructuring perimeter are advancing constructively.
“In line with Ghana’s commitments to official creditors under the G20 Common Framework, no creditor has been treated preferentially,” the statement read.
“This is consistent with the principle of Comparability of Treatment,” the statement added.
The Ministry also emphasised that Ghana has strictly adhered to the terms outlined in the Memorandum of Understanding signed with official creditors.
This includes maintaining arrears with all external creditors subject to restructuring, a measure aimed at ensuring consistency and fairness across negotiations.
The update signals Ghana’s continued efforts to stabilise its economy and restore debt sustainability through transparent and inclusive restructuring talks.
“The Government remains committed to achieving a fair and mutually beneficial resolution with all creditors and thanks its partners for their forbearance, cooperation, and support,” the statement concluded.
This development follows Ghana’s participation in the G20 Common Framework for Debt Treatment, a global initiative aimed at assisting countries facing unsustainable debt levels through coordinated debt relief and restructuring mechanisms.
MA