Hot SourceGhana has signed its fifth bilateral debt restructuring agreement, this time with Spain, as part of ongoing efforts to restore economic stability and rebuild investor confidence.
The agreement was signed in Accra by Finance Minister Dr Cassiel Ato Forson and Spain’s Ambassador to Ghana, H.E. Ángel Lossada Torres-Quevedo. It follows earlier restructuring deals concluded with China Exim Bank, France, Finland, and the United Kingdom under the G20 Common Framework.
Speaking at the signing, Dr Forson stressed that the government remains determined to close all pending negotiations before the end of the year to put the crisis behind the country.
“We want to put this difficult chapter behind the nation,” he said, reaffirming government’s commitment to fiscal discipline and long-term debt sustainability.
He added that reforms under the IMF-supported programme are being implemented to prevent a return to unsustainable debt levels.
The Spanish Ambassador welcomed the agreement, describing it as a new stage in bilateral cooperation.
He said the signing marked “the beginning of a new and stronger phase” in Spain–Ghana economic relations.
The ceremony was witnessed by Health Minister Kwabena Mintah Akandoh and senior government officials from both countries.
Ghana’s bilateral restructuring efforts form a key part of its $3 billion IMF programme, which aims to secure debt relief, stabilise the economy, and strengthen external financing assurances.
The post Ghana seals fifth bilateral debt restructuring deal with Spain appeared first on The Herald ghana.
