Ghana, France Sign Debt Restructuring Deal
Ghana has taken a major step in its economic recovery journey as France becomes the first bilateral creditor to finalize a debt restructuring agreement with the country under the G20 Common Framework. The move signals renewed momentum in Ghana’s efforts to stabilize its finances following its historic 2022 debt default.
Key Milestone in Ghana’s Debt Resolution Efforts
The agreement, announced on July 28, 2025, is expected to set the tone for further negotiations with other creditors under the G20 initiative. The Common Framework was introduced to streamline debt restructuring for low-income countries facing financial distress. France’s participation is seen as a positive signal for other G20 members and bilateral lenders to follow suit.
Ghana’s debt restructuring talks had stalled in recent months, with uncertainty around timelines and creditor consensus. This latest breakthrough revives optimism that Ghana can reach a broader debt deal in line with its International Monetary Fund (IMF)-backed economic reform programme.
Finance experts say the agreement with France could unlock more concessional financing and clear the path for sustained growth, especially as Ghana grapples with rising inflation and fiscal pressures.
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