Ghana secures 7th bilateral debt restructuring agreement with Czech Republic

Ghana has successfully secured a seventh bilateral debt restructuring agreement with the Czech Republic as part of an ongoing external debt sustainability program, Finance Minister Dr. Cassiel Ato Forson has announced.

This latest agreement brings the country closer to completing the external component of its debt restructuring program under a 36-month Extended Credit Facility (ECF) arrangement with the International Monetary Fund (IMF).

The agreement was formalized on Wednesday, December 10, 2025, by 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.

Announcing the agreement in a social media post on Wednesday, Dr. Cassiel Ato Forson expressed the government’s appreciation to the Czech government and its people for their continued cooperation in supporting Ghana’s economic recovery efforts, emphasizing that the agreement represents more than just debt restructuring as it symbolizes the strengthening of longstanding diplomatic and economic ties between the two nations.

Mr. René Jakl also described the agreement as “a new chapter that will open doors for future support.”

This new deal means Ghana has now successfully concluded bilateral agreements with seven major creditor nations, including China, Finland, the United Kingdom, France, Spain, and Germany.