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Ghana’s Parliament Passes $2.8 Billion Debt Restructuring Agreement
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Ghana’s Parliament Passes $2.8 Billion Debt Restructuring Agreement
Finalised in June 2024, Ghana’s finance ministry agreed upon a pact with the official creditor committee to formalise a debt restructuring deal, which could then allow for a new funding tranche from the IMF. To help disburse funds under an International Monetary Fund (IMF) bailout program and alleviate the country’s worst economic crisis in decades, Ghana’s parliament passed a $2.8 billion debt restructuring agreement with 25 creditor nations, …
On Tuesday, June 24, 2025, the Ghanaian Parliament approved a $2.8 billion debt restructuring agreement with a group of 25 creditor countries, including China, France, the United States, Germany and the United Kingdom. This agreement marks a key step in the sustained recovery programme.
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