Ghana Signs Bilateral Debt Agreement with Germany
Ghana has signed a bilateral debt agreement with the Federal Republic of Germany, marking the sixth such accord under the country’s ongoing debt-restructuring programme.
Finance Minister Dr Cassiel Ato Forson described the agreement as a major milestone in Ghana’s economic recovery journey, noting that it will help bolster fiscal stability and anchor long-term economic progress.
Dr Forson expressed appreciation to the government and people of Germany for their continued partnership and confidence in Ghana’s future, highlighting that the agreement reflects strong bilateral cooperation between the two countries.
The German Ambassador to Ghana, Frederik Landshöft, congratulated Dr Forson and commended Ghana’s progress in stabilising the economy. He reaffirmed Germany’s commitment to deepening its bilateral and economic cooperation with Ghana.
While the exact financial terms and repayment schedule of the agreement were not detailed in the public announcement, analysts say the deal forms part of Ghana’s broader push to restructure its external obligations and restore fiscal traction amid previous debt-related vulnerabilities.
