Finance Minister, Dr. Cassiel Ato Forson, has secured a bilateral debt restructuring agreement worth about US\$256 million with the United Kingdom.
The agreement, signed in Accra with His Majesty’s Trade Commissioner for Africa, John Humphrey, represents another significant step in Ghana’s ongoing debt restructuring programme.
This deal is the third of its kind, following similar agreements already concluded with France and the Export-Import Bank of China.
According to Dr. Forson, the agreement is not only crucial in stabilising Ghana’s financial obligations but also in strengthening relations with the UK.
As part of the partnership, Ghana is working with UK Export Finance (UKEF) to reinstate financing for several stalled priority projects.
These include the Bolgatanga–Bawku–Pulimakom Road Project, the modernisation of the Komfo Anokye Teaching Hospital, Phase II of the Obetsebi Lamptey Interchange and ancillary works, Phase I of the Tema–Aflao Road Project, and the redevelopment of the Kumasi Central Market.
The signing ceremony was attended by the UK High Commissioner to Ghana, Christian Rogg, the Chief Director of the Ministry of Finance, Patrick Nomo, and other senior government officials.
Dr. Forson emphasised that this milestone reflects the deepening of Ghana’s partnership with the United Kingdom, adding that it will support economic stability and unlock critical infrastructure investments to improve the lives of Ghanaians.
Source: Starrfm.com.gh
