Government has officially signed a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC) to formalize debt treatment agreements aimed at restoring long-term financial stability.
The Ministry of Finance, in a press release, expressed gratitude to all OCC members, particularly co-chairs China and France, for their support in resolving Ghana’s debt challenges.
The agreement provides substantial debt-service relief during Ghana’s IMF-supported program, freeing financial resources to bolster economic recovery and growth.
With the MoU in place, the agreed terms will now be implemented through bilateral agreements with each OCC member.
The government has reaffirmed its commitment to working closely with official creditors to expedite the signing of these agreements.
Additionally, Ghana pledged to engage in good faith with all external creditors to finalize restructuring deals that align with the principle of comparable treatment, ensuring fairness in debt relief efforts.
The Ministry of Finance stated that this development marks a crucial step toward addressing Ghana’s financial challenges and supporting its economic recovery.
