The Government of has signed a bilateral debt restructuring agreement with , marking another step in the country’s ongoing efforts to restore debt sustainability and stabilise its economy.
The agreement forms part of Ghana’s broader external debt restructuring programme under the -supported economic recovery programme, which seeks to ease the country’s debt burden while creating fiscal space for economic growth and development.
Officials said the deal aligns with the terms agreed under the framework and the broader cooperation between Ghana and its official bilateral creditors.
According to the , the agreement will help restructure outstanding debt owed to Belgium, allowing for more manageable repayment terms while supporting Ghana’s macroeconomic stability.
Government representatives indicated that the move demonstrates the continued support of international partners as Ghana works to resolve its debt challenges following the economic difficulties that led to the country’s debt restructuring process.
The Ministry noted that the agreement with Belgium is part of a series of bilateral deals Ghana is expected to sign with creditor countries after reaching a common framework agreement with its official creditors.
Economic analysts say such agreements are critical to ensuring the success of Ghana’s debt treatment programme, as they help reduce debt servicing pressures and improve investor confidence in the country’s economic recovery plan.
Government officials have reiterated their commitment to completing the restructuring process with all creditors while implementing reforms aimed at strengthening public finances and promoting long-term economic stability.
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