By: Franklin ASARE-DONKOH
The John Mahama-led government is seeking a review of the terms of the debt restructuring between Ghana and the official creditor committee, and has therefore laid a paper before parliament for consideration.
The move follows the signing of a Memorandum of Understanding (MOU) between Ghana and the participating creditor countries in January of this year.
The Second Deputy Speaker and Member of Parliament for Fomena Constituency in the Ashanti Region, Mr. Andrew Asiamah Amoako, who chaired the proceedings, referred the paper to the Finance Committee of the House yesterday, Tuesday, June 17, 2025.
“Honourable Members, the paper is duly presented. It is referred to the Finance Committee, and I will ask that the leadership of the Economy Committee join the Finance Committee to look into the paper and report back to the House,” he stated.
According to the government, the review is a crucial step towards securing $2.8 billion in debt relief under the G20 Common Framework for Debt Treatment.
This is expected to provide crucial fiscal space as Ghana advances structural reforms under its $3 billion International Monetary Fund.
