Ghana has signed its seventh bilateral debt restructuring agreement with the Czech Republic, further strengthening the country’s international financial partnerships.
The agreement was inked on Wednesday, December 10, by Ghana’s Finance Minister, Dr. Cassiel Ato Forson, and Mr. René Jakl, Director of the Claims and Recoveries Department at the Export Guarantee and Insurance Corporation (EGAP), representing the Czech Republic.
Speaking at the ceremony, Dr. Forson expressed Ghana’s gratitude to the Czech government and people, emphasizing that the longstanding ties between the two nations continue to deepen.
Mr. Jakl described the signing as the beginning of a new chapter in bilateral cooperation, highlighting that it creates opportunities for future engagements and additional support between the two countries.
The ceremony was attended by the Ambassador of the Czech Republic to Ghana, Mr. Pavel Bílek, alongside senior officials from Ghana’s Ministry of Finance.
This particular deal follows earlier agreements concluded with China, Finland and the United Kingdom bringing Ghana closer to completing the external component of its debt overhaul.
Other bilateral signings involve France, Spain and Germany, marking a total of seven major creditor countries now formally aligned with Ghana’s restructuring plan.
Already, the IMF describes these deals as a significant step forward in restoring debt sustainability and rebuilding investor confidence after years of fiscal strain.
With this improved outlook for Ghana’s debt trajectory, supported by an upgraded macroeconomic forecast and continued fiscal consolidation efforts, it is expected that Ghana will be on track to meet key programme targets, ahead of its planned IMF exit.
Also, the successful execution of bilateral agreements will ease external financing pressures, stabilise the cedi and support a stronger recovery in 2026 as confidence returns to the macroeconomic environment.
