Ghana has signed a bilateral debt restructuring agreement worth about US$256 million with the United Kingdom (UK) as part of its ongoing debt restructuring programme.
The agreement was signed in Accra on behalf of Ghana by the Minister for Finance, Dr Cassiel Ato Forson, and on behalf of the United Kingdom by His Majesty’s Trade Commissioner for Africa, John Humphrey.
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This marks Ghana’s third bilateral agreement, following similar deals with France and the Export-Import Bank of China. As part of broader cooperation, Ghana is also working with UK Export Finance (UKEF) to reinstate funding for key infrastructure projects, including:
- Bolgatanga–Bawku–Pulimakom Road Project
- Modernisation of Komfo Anokye Teaching Hospital (KATH)
- Obetsebi Lamptey Interchange and Ancillary Works, Phase II
- Construction of Phase 1 of the Tema–Aflao Road Project
- Redevelopment and Modernisation of Kumasi Central Market
The signing ceremony was attended by the UK High Commissioner to Ghana, H.E. Christian Rogg, the Chief Director of the Ministry of Finance, Patrick Nomo, and other senior officials.
The Ministry of Finance described the agreement as a milestone that strengthens Ghana–UK relations and reflects a shared commitment. The secured financing will support several landmark infrastructure projects aimed at boosting connectivity, healthcare, and commerce.
The Bolgatanga–Bawku–Pulimakom Road Project will improve transport links in the Upper East Region and modernise Komfo Anokye Teaching Hospital (KATH) to enhance healthcare delivery.
The Obetsebi Lamptey Interchange Phase II is expected to ease traffic congestion in Accra. At the same time, the construction of Phase 1 of the Tema–Aflao Road Project is set to strengthen trade along the eastern corridor.
Additionally, the redevelopment and modernisation of Kumasi Central Market will transform the retail hub into a modern commercial centre, stimulating local and regional economic growth.
