The country has enjoyed a debt relief of $2.8 billion from its Official Creditors as a result of the debt restructuring exercise embarked on by the government under the three-year Extended Credit Facility (ECF) arrangement with the International Monetary (IMF) in 2022.
All the 25 participating countries under the Official Creditor Committee (OCC) co-chaired by China and France, the countries Ghana owes, have signed the Memorandum of Understanding (MoU) the government earlier reached with them as part of the country's debt restructuring exercise.
Dr Cassiel Forson (head of table) addressing the press conference Ghana in 2022 embarked on an ECF programme with the IMF for a balance of payment support of $3 billion to restore macroeconomic stability.
Speaking at a press conference on the signing of the MoU with the OCC participating countries, the Minister of Finance, Dr Cassiel Ato Baah Forson, said the signing of the agreement constituted an important milestone in Ghana's debt restructuring journey.
