Omanghana
Ghana has signed its 11th bilateral debt restructuring agreement, finalizing a deal with the EXIM Bank of India as part of ongoing efforts to restore debt sustainability and stabilize the economy.
The agreement marks another significant milestone in Ghana’s broader debt restructuring program, which has involved negotiations with multiple international creditors. Finance Minister Cassiel Ato Forson described the deal as a critical step toward consolidating the gains achieved so far and moving the country closer to long-term fiscal stability.
The restructuring arrangement is designed to reduce Ghana’s risk of debt distress while supporting the improvement of macroeconomic conditions. Government officials have reiterated their commitment to honoring all restructured obligations promptly, a move aimed at rebuilding investor confidence and restoring credibility in international financial markets.
As part of ongoing reforms, the government has also announced plans to introduce a new Loans Act to strengthen borrowing discipline. The proposed legislation will clearly define the permissible uses of public loans, ensure that all future borrowing is tied to high-impact and value-for-money projects, and eliminate non-essential debt accumulation.
The agreement with EXIM Bank of India follows a series of successful bilateral deals with other key partners, including France, China, the United Kingdom, Germany, the Czech Republic, Belgium, and Spain, all concluded between late 2025 and early 2026.
Ghana has also taken steps to demonstrate fiscal discipline by meeting its external obligations. In July 2025, the country completed its Eurobond debt payments with a final installment of approximately $349.5 million, reinforcing its commitment to honoring its financial responsibilities.
The latest agreement underscores Ghana’s continued progress in navigating its debt challenges while laying the foundation for a more sustainable and resilient economic future.
Source: Omanghana
