debt agreement

The Government has announced a significant milestone in its debt restructuring journey, having reached an agreement on a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC). This is concerning the debt treatment agreed upon in January 2024. The OCC, co-chaired by China and France, played pivotal roles in achieving this milestone. The MoU formalises the agreement in principle reached with Official Creditors in January and marks a crucial step towards restoring Ghana's long-term debt sustainability. "The financial terms of the agreement remain unchanged, providing significant debt service relief during the Fund-supported program period," stated the Finance Minister, Dr…