Finance Minister, Dr. Cassiel Ato Forson, has secured a US$256 million Bilateral Debt Restructuring Agreement with the United Kingdom, represented by His Majesty’s Trade Commissioner for Africa, John Humphrey.
The deal marks the third bilateral restructuring agreement Ghana has signed, following similar arrangements with France and the Export-Import Bank of China, and represents another major step in the government’s debt restructuring programme.
Dr. Forson disclosed that alongside the agreement, Ghana is collaborating with UK Export Finance (UKEF) to restore financing for key national projects, including:
- The Bolgatanga–Bawku–Pulimakom Road Project
- The Modernisation of Komfo Anokye Teaching Hospital (KATH)
- The Obetsebi Lamptey Interchange and Ancillary Works Project (Phase II)
- The Construction of Phase I of the Tema–Aflao Road Project
- The Redevelopment and Modernisation of the Kumasi Central Market
The signing ceremony was witnessed by the UK High Commissioner to Ghana, H.E. Christian Rogg; the Chief Director of the Ministry of Finance, Mr. Patrick Nomo; and other senior officials.
Dr. Forson described the milestone as evidence of the deepening partnership between Ghana and the UK, stressing that it will not only help stabilize Ghana’s economy but also unlock critical investments in infrastructure, health, and commerce to improve livelihoods.
