The John Dramani Mahama government has successfully resolved issues surrounding a $750 million debt facility contracted with the African Export-Import Bank (Afreximbank), clearing uncertainties over its treatment under Ghana’s ongoing debt restructuring programme.
The Minister of Finance, Dr Cassiel Ato Forson, announced the development on Thursday, December 25, 2025, stating that the agreement, reached to the satisfaction of both parties, allows Ghana and Afreximbank to continue their partnership in support of the country’s development agenda.
Ato Forson explained that the facility, which was signed in 2022, had been a subject of discussion following Ghana’s decision to restructure its public debt after undergoing severe economic challenges.
Ghana had sought to treat the Afreximbank facility in the same manner as other restructured obligations, including bilateral loans and about $13 billion in Eurobonds, as part of efforts to restore debt sustainability.
Afreximbank, however, initially objected, citing its preferred creditor status, which ordinarily grants certain multilateral institutions priority repayment and protection from debt restructuring measures.
The disagreement raised concerns among stakeholders that it could complicate Ghana’s debt resolution process and influence future engagements between African countries and regional lenders.
The Finance Minister noted that the resolution reinforces confidence in Ghana’s debt management strategy and demonstrates the Government’s commitment to fiscal responsibility and macroeconomic stability.
He added that the outcome also sets a positive precedent for future negotiations with other creditors as Ghana works to consolidate gains made under its economic recovery programme.
