Finance Minister, Dr. Cassiel Ato Forson, has announced the signing of a US $256 million bilateral debt restructuring agreement with the United Kingdom, marking another significant step in the country’s economic recovery process.
“On behalf of the Republic of Ghana, I signed a Bilateral Debt Restructuring Agreement with the United Kingdom, represented by His Majesty’s Trade Commissioner for Africa, Mr. John Humphrey.
The agreement covers about US $256 million and represents another important step in Ghana’s debt restructuring efforts,” Dr. Forson confirmed in a Facebook post sighted by MyNewsGh.
This is the third bilateral debt restructuring agreement signed by Ghana, following similar deals with France and the Export-Import Bank of China.
Dr. Forson further disclosed that Ghana is collaborating with UK Export Finance (UKEF) to reinstate financing for a number of stalled but critical infrastructure projects. These include:
1. The Bolgatanga–Bawku–Pulimakom Road Project
2. Modernisation of the Komfo Anokye Teaching Hospital (KATH)
3. Phase II of the Obetsebi Lamptey Interchange and Ancillary Works Project
4. Construction of Phase 1 of the Tema–Aflao Road Project
5. Redevelopment and modernisation of the Kumasi Central Market
The signing ceremony in Accra was attended by the UK High Commissioner to Ghana, H.E. Christian Rogg; the Chief Director of the Ministry of Finance, Mr. Patrick Nomo; and other senior officials.
According to the Finance Minister, the milestone “reflects the deepening of our partnership with the United Kingdom” and signals progress in Ghana’s broader debt restructuring programme.
