Ghana Signs Sixth Bilateral Debt Deal with Germany to Boost Economic Recovery

Ghana has signed a bilateral debt restructuring agreement with Germany, the sixth such deal under its ongoing debt relief programme aimed at restoring fiscal stability and economic growth.

Finance Minister Dr. Cassiel Ato Forson, who signed on behalf of the government in Accra, described the agreement as a key milestone in Ghana’s economic recovery, reaffirming the country’s commitment to achieving long-term debt sustainability. He also expressed gratitude to Germany for its continued support and confidence in Ghana’s reform agenda.

Germany’s Ambassador to Ghana, Frederik Landshöft, who signed for his country, praised Ghana’s progress in stabilizing its economy and pledged Berlin’s commitment to deepening bilateral and economic cooperation.

The agreement follows earlier deals with China Exim Bank, France, Finland, the United Kingdom, and Spain, all part of Ghana’s negotiations with its bilateral creditors under the Paris Club framework.

Ghana is restructuring about $5.4 billion in bilateral debt after completing a domestic debt exchange that achieved roughly 85% participation. The initiative forms part of broader efforts to meet conditions of the International Monetary Fund (IMF) support programme and restore investor confidence in the economy.