France Becomes First Country to Grant Ghana Debt Relief Through Bilateral Agreement

Accra, Ghana – In a significant boost to Ghana's economic recovery efforts, France has become the first country to formally grant debt relief to Ghana following the signing of a bilateral agreement under the Debt Exchange Programme. The landmark agreement was inked today, Friday, July 25, 2025, in Accra.p

The image accompanying the announcement shows a handshake between a Ghanaian official and a French representative, presumably after the signing of the agreement, with official documents and flags in the background. This symbolizes the strengthened bilateral relations and France's commitment to supporting Ghana's financial stability.

While the specific terms of the debt relief were not immediately disclosed, this bilateral agreement is a crucial step for Ghana, which has been undergoing a comprehensive debt restructuring process to address its economic challenges. The Debt Exchange Programme aims to reduce the nation's debt burden and create fiscal space for sustainable growth.

This move by France is expected to encourage other bilateral creditors to finalize their own agreements with Ghana, paving the way for a more comprehensive and sustainable resolution to the country's debt situation. The Ghanaian government has been actively engaging with its creditors under the framework of the G20 Common Framework for Debt Treatment.

The relief provided by France is a testament to the international community's confidence in Ghana's efforts to implement necessary economic reforms and is anticipated to bolster investor confidence in the Ghanaian economy.