The Government of Ghana is set to sign bilateral agreements with several creditor countries under the G-20 Common Framework for debt restructuring later today, Friday, July 25, 2025.
This milestone forms part of broader efforts to restructure the country’s external debt and restore macroeconomic stability. The move follows Parliament’s recent approval of the indicative terms proposed by the Official Creditor Committee.
Finance Minister Dr. Cassiel Ato Forson, during his mid-year budget presentation, confirmed that the signing of the bilateral agreements is a crucial step in Ghana’s economic recovery and debt sustainability agenda.
“We are ready to sign the agreements with two countries as of tomorrow, July 25. Mr. Speaker, it is expected that four agreements will be signed by the close of the day. First, we will sign with France; the second country is yet to be confirmed,” Dr. Forson stated.
He also disclosed that the government has signed Non-Disclosure Agreements (NDAs) with several commercial lenders as part of efforts to restructure Ghana’s commercial debt.
The Finance Minister emphasized that the government remains fully committed to restructuring both bilateral and commercial debts under the G-20 Common Framework.
The process has gained momentum since Parliament approved the indicative terms of the Memorandum of Understanding (MoU) between Ghana and the Official Creditor Committee on June 24, 2025.
Dr. Forson expressed gratitude to Parliament for its swift action, which has now paved the way for Ghana to enter into formal negotiations and sign individual agreements with creditor countries.
The debt restructuring forms a central pillar of Ghana’s economic recovery strategy, with the goal of restoring debt sustainability, improving investor confidence, and supporting long-term growth.
