Ghana has reached a significant milestone in its debt restructuring efforts, following the endorsement of the Memorandum of Understanding (MoU) by the remaining six Partner Creditor Countries.
This agreement, initially reached in principle and signed in June 2024, forms part of the Common Framework for Debt Treatment, granting the country approximately US$2.8 billion in debt service relief, contributing to the US$8.3 billion total relief announced last year.
With this progress, Ghana has successfully completed about 93% of its debt restructuring process.
Former Minister of State at the Finance Ministry and MP for Atiwa East, Abena Osei-Asare, has lauded this achievement, attributing it to prudent fiscal management,…
