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Ghana Approves $2.8 Billion Debt Restructuring Plan

6/26/2025

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Summary

Story summary

Ghana's parliament has approved a $2.8 billion debt restructuring plan to tackle its economic crisis.
The deal includes 25 creditor nations, such as China and France, after a 2022 debt default.
The objective is to lower the debt-to-GDP ratio to 55% by 2026 and the debt-service-to-revenue ratio below 18% by 2028.
Negotiations with private creditors are ongoing to address an additional $2.7 billion in debt.

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Story summary

Ghana's parliament has approved a $2.8 billion debt restructuring plan to tackle its economic crisis.
The deal includes 25 creditor nations, such as China and France, after a 2022 debt default.
The objective is to lower the debt-to-GDP ratio to 55% by 2026 and the debt-service-to-revenue ratio below 18% by 2028.
Negotiations with private creditors are ongoing to address an additional $2.7 billion in debt.