Government is expected to sign bilateral agreements later today with some countries under the G-20 Common Framework for debt restructuring.
This is to overhaul the country’s external debt obligations and follows earlier approval by parliament of the indicative terms by the Official Creditor Committee.
Finance Minister Dr. Cassiel Ato Forson during the presentation of the mid-year budget said, the signing of the bilateral deals today is to restore debt sustainability and support ongoing economic recovery efforts.
“We are ready to sign the agreements with two countries as at tomorrow [July 25, 2025]. Mr. Speaker, it is expected that four agreements will be signed by the by close of tomorrow. First, we will sign with France and the second we will sign with another country yet to be confirmed. Mr. Speaker, on the commercial debt restructuring, we have signed Non-Disclosure Agreements (NDAs) with some Commercial lenders,” Dr. Ato Forson said.
According to the Minister, government is committed to restructuring bilateral and commercial debts under the G-20 Common Framework.
He said, the process has gained momentum following parliamentary approval of the indicative terms of the Memorandum of Understanding (MoU) between Ghana and the Official Creditor Committee (OCC) on June 24, 2025.
Dr. Forson expressed gratitude to Parliament for its swift action, which now paves the way for Ghana to begin formal negotiations and sign bilateral agreements with individual creditor countries.
The debt restructuring is a key pillar of Ghana’s broader economic recovery strategy, aimed at restoring debt sustainability and investor confidence.