Ghana has signed a bilateral debt agreement with the Federal Republic of Germany, the sixth such pact under the country’s ongoing debt restructuring programme aimed at restoring fiscal stability and supporting economic recovery.
Finance Minister Dr. Cassiel Ato Forson described the agreement as a “significant milestone” in Ghana’s economic turnaround efforts. He said the accord would help consolidate the country’s fiscal framework and lay the foundation for long-term growth.
“This agreement strengthens the foundations of fiscal stability and anchors Ghana’s path to sustainable economic progress,” Dr. Forson said, expressing gratitude to Germany for its continued partnership and confidence in Ghana’s economic prospects.
The deal is part of Ghana’s broader strategy to conclude bilateral agreements with members of the Official Creditor Committee following the country’s default on external debt in 2022. These agreements are crucial to unlocking further disbursements under Ghana’s $3 billion IMF-supported programme and ensuring debt sustainability.
Germany’s Ambassador to Ghana, Frederik Landshöft, congratulated Dr. Forson and the government for progress made in stabilising the economy. He reaffirmed Germany’s commitment to strengthening bilateral and economic cooperation, saying the partnership underscores mutual trust and shared development priorities.
The signing marks another step in Ghana’s ongoing engagement with bilateral creditors, following similar agreements concluded with other members of the Paris Club.
