The Government of Ghana has officially signed a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC) to formalize debt treatment agreements aimed at restoring long-term financial stability.

In a press release, the Ministry of Finance expressed appreciation to all OCC members, particularly co-chairs China and France, for their support in addressing Ghana’s debt challenges.

The agreement provides substantial debt-service relief during Ghana’s IMF-supported programme, allowing the country to redirect financial resources toward economic recovery and growth.

With the MoU in place, the agreed terms will now be implemented through bilateral agreements between Ghana and each OCC member.

The government reaffirmed its commitment to working closely with official creditors to expedite the signing of these agreements and ensure smooth implementation.

Additionally, Ghana pledged to engage in good-faith negotiations with all external creditors to finalize restructuring deals that align with the principle of comparable treatment, ensuring fairness in debt relief efforts.

The Ministry of Finance emphasized that this development represents a critical milestone in Ghana’s efforts to address its financial challenges and support a sustainable economic recovery