Ghana pushes for fair debt deal under G20 framework
As Ghana continues delicate negotiations with its external creditors, the government has reiterated its commitment to equitable and transparent debt restructuring in alignment with the G20 Common Framework.
The G20 Common Framework is designed to address unsustainable debt levels in low-income countries, providing a coordinated approach for debt restructuring and relief beyond the Debt Service Suspension Initiative (DSSI).
In a statement issued by the Ministry of Finance on Thursday, May 29, authorities reaffirmed their adherence to the principle of Comparability of Treatment — ensuring no creditor receives preferential terms over others. This principle is a cornerstone of the G20-led initiative aimed at supporting debt-laden countries through coordinated creditor engagement.
The Ministry emphasized that the government has consistently followed the agreed terms outlined in the Memorandum of Understanding (MoU) signed with official creditors. Arrears continue to be maintained across all included creditor groups as discussions advance.
“This approach reflects our commitment to fair and consistent engagement with all parties,” the statement noted.
Ghana’s reaffirmation comes at a crucial time as it works to secure the support needed for long-term economic recovery while upholding the confidence of both bilateral and private lenders.
Officials also expressed appreciation for the continued cooperation of international partners, underlining the importance of collective goodwill in achieving a sustainable debt resolution.
This reassurance is seen as a strategic signal to creditors and global markets that Ghana remains a responsible borrower committed to honoring international frameworks while pursuing debt sustainability.
