Ghana completed its third bilateral debt restructuring deal, this time with the United Kingdom for $256 million. Finance Minister Dr. Ato Forson executed the agreement while His Majesty's Trade Commissioner for Africa, John Humphrey, served as witness. The arrangement follows previous restructuring agreements with France and China's Export-Import Bank. This financial milestone enables Ghana to move forward with essential infrastructure development.
The restructuring opens pathways for UK Export Finance to resume funding previously stalled development projects. These initiatives encompass the Bolgatanga–Bawku–Pulimakom Road construction, Komfo Anokye Teaching Hospital upgrades, Obetsebi Lamptey Interchange Phase II, Tema–Aflao Road Phase I, and Kumasi Central Market reconstruction. Dr. Forson emphasized the agreement provides relief while marking a significant transition for Ghana's financial recovery. Both UK High Commissioner Christian Rogg and Chief Director Patrick Nomo attended the signing ceremony.
The restructuring opens pathways for UK Export Finance to resume funding previously stalled development projects. These initiatives encompass the Bolgatanga–Bawku–Pulimakom Road construction, Komfo Anokye Teaching Hospital upgrades, Obetsebi Lamptey Interchange Phase II, Tema–Aflao Road Phase I, and Kumasi Central Market reconstruction. Dr. Forson emphasized the agreement provides relief while marking a significant transition for Ghana's financial recovery. Both UK High Commissioner Christian Rogg and Chief Director Patrick Nomo attended the signing ceremony.
