Ghana is set to take a major step in its debt restructuring journey today, as the government prepares to sign bilateral agreements with some member countries under the G-20 Common Framework.
The deals, aimed at overhauling the country’s external debt obligations, are part of broader efforts to restore debt sustainability and strengthen Ghana’s path to economic recovery.
Finance Minister Dr. Cassiel Ato Forson, addressing Parliament during the 2025 Mid-Year Budget Review, confirmed that two agreements will be signed today with France, already confirmed as one of the signatories. A total of four agreements are expected by the end of the day.
“Mr Speaker, it is expected that four agreements will be signed by close of tomorrow. First, we will sign with France, and the second with another country yet to be confirmed,” Dr Forson stated.
The minister also revealed that government has entered into Non-Disclosure Agreements (NDAs) with some commercial lenders to begin the next phase of the country’s commercial debt restructuring process.
This progress comes a month after Parliament approved the indicative terms of the Memorandum of Understanding (MoU) with the Official Creditor Committee (OCC) on June 24, 2025.
“We are committed to restructuring both bilateral and commercial debts under the G-20 Common Framework,” Dr Forson said.
Ghana’s total public debt has been a growing concern, with high interest payments and maturing obligations putting pressure on the national budget. The debt restructuring is a key pillar in the Mahama-led administration’s strategy to stabilise the economy, reassure investors, and secure long-term fiscal discipline.
The agreements being signed today mark a critical milestone in what government officials hope will be a turning point in Ghana’s recovery narrative.
