The United States government has barred Ghana from receiving foreign assistance, including development loans and flagship programs such as the Millennium Challenge Corporation (MCC), following the country’s failure to meet debt obligations owed to Washington.
The restrictions are set to take effect in the 2026 financial year.
A report to the U.S. State Department stated that the decision is based on the “debt default restriction” under Section 7012 of the FY 2025 State, Foreign Operations, and Related Programs Appropriations Act (SFOAA).
The law prohibits aid to countries that have defaulted on sovereign debt owed to, or guaranteed by, a U.S. person or certain official creditors, and have not yet reached a debt restructuring…