The Ghanaian government has reached an agreement on a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC) regarding the debt treatment agreed upon in January 2024.
A statement released by the Ministry of Finance disclosed that Ghana’s OCC is co-chaired by China and France, both of which played important roles in this achievement.
It further explained that the MoU formalizes the agreement in principle reached with Official Creditors in January and marks a crucial step towards Ghana restoring long-term debt sustainability.
