Ghana has signed its seventh bilateral debt restructuring agreement, marking another step in its efforts to restore financial stability under ongoing economic reforms. The latest agreement, completed Tuesday, was reached with the Czech Republic.
The deal was signed by Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, and René Jakl, Director of the Claims and Recoveries Department at the Export Guarantee and Insurance Corporation (EGAP), who represented the Czech government.
Dr. Forson expressed Ghana’s gratitude, noting that the agreement reflects the strength of the long-standing relationship between the two countries. He said the accord adds momentum to Ghana’s broader debt restructuring process and signals trust in the country’s recovery plans.
Jakl called the signing the start of a “new chapter” in bilateral cooperation, adding that it opens the door for future engagements and expanded support for Ghana.
The ceremony was attended by Czech Ambassador Pavel Bílek and senior officials from Ghana’s Ministry of Finance.
The agreement adds to a growing list of bilateral restructurings Ghana has concluded with official creditors as it seeks to stabilize its economy, unlock additional financing and strengthen international partnerships.