Ghana Secures Seventh Bilateral Debt Deal with Czech Republic
Ghana has concluded its seventh bilateral debt restructuring agreement under ongoing efforts to restore debt sustainability, this time with the Czech Republic.
The agreement was signed on Wednesday 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), who represented the Czech government.
Dr. Forson expressed Ghana’s appreciation to the Czech Republic, emphasising the long-standing relationship between the two countries and the continued support extended during Ghana’s economic recovery process.
He highlighted that the deal further cements bilateral ties while contributing to the broader objective of completing Ghana’s external debt restructuring.
Mr. Jakl described the agreement as the beginning of a “new chapter” in cooperation between the two nations, adding that it creates space for deeper engagements and potential future support.
The signing ceremony was attended by the Czech Ambassador to Ghana, Pavel Bílek, as well as officials from Ghana’s Ministry of Finance.
Ghana has now signed seven out of the required bilateral restructuring agreements under the G20 Common Framework process, marking continued progress in its efforts to achieve a sustainable debt position and unlock additional external financing.
