Ghana has officially signed a bilateral debt agreement with the Federal Republic of Germany, marking the sixth such accord under the government’s ongoing debt restructuring programme.
This milestone agreement forms part of Ghana’s broader efforts to stabilize its economy and restore debt sustainability following the country’s recent financial challenges. The deal, which aligns with the G20 Common Framework, aims to ease Ghana’s external debt burden while creating fiscal space for development and social spending.
According to the Ministry of Finance, the agreement with Germany demonstrates continued confidence and support from international partners, reinforcing Ghana’s commitment to fiscal discipline and transparent reforms. Germany joins other bilateral creditors — including France, the United Kingdom, and China — who have already reached similar deals with Accra as part of the restructuring process.
Finance Minister Dr. Mohammed Amin Adam described the move as another positive step toward Ghana’s economic recovery, adding that the government remains committed to fulfilling its obligations under the IMF-supported programme.
The partnership underscores the strong diplomatic and economic ties between Ghana and Germany, with both nations emphasizing cooperation in sustainable development, renewable energy, and private sector investment.
As Ghana continues negotiations with remaining creditors, this agreement represents yet another stride toward restoring investor confidence and ensuring long-term economic stability.
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