Ghana cannot borrow more than $250 million in external loans-including commercial loans-in 2025, under a borrowing cap as part of a Memorandum of Understanding (MOU) with its Official Creditor Committee (OCC). The borrowing cap is now a structural benchmark under the International Monetary Fund (IMF) programme, allowing the Fund to monitor and assess Ghana's compliance annually.
The MOU, signed by all participating creditor countries, paves the way for bilateral agreements to enforce the $250 million disbursement limit.
The limit is part of Ghana's broader debt restructuring efforts following its 2022 suspension of external debt servicing.
It also coincides with the country's ongoing Eurobond restructuring, where the government is swapping $13.1 billion in outstanding Eurobonds for new notes.
