Dr. Ato Forson (left) and William Roos (right) signing the debt relief agreement
Source: Africa Publicity
France has granted Ghana debt relief, becoming the first Paris Club member to do so.
A bilateral agreement formalizing the debt relief was signed between Ghana and France in Accra on Friday, July 25, 2025. The agreement signing ceremony was graced by the French Ambassador to Ghana, Jules Armand Aniambossou, and the Co-Chair of the Official Creditors Committee and Secretary-General of the Paris Club, William Roos. Also present were officials from Ghana’s Ministry of Finance, the French government, and the Official Creditors Committee.
The signing of the agreement comes amid Ghana’s ongoing external debt restructuring programme.
It marks a significant milestone in Ghana’s economic recovery efforts under President John Dramani Mahama.
Ghana descended into unsustainable debt levels in the aftermath of the COVID-19 pandemic.
At the signing ceremony, Ghana’s Finance Minister Dr. Cassiel Ato Forson, thanked the French government for its support.
He encouraged other Paris Club members to take note of Ghana’s recent economic progress and follow France’s example.
According to Dr. Forson, “Today is a milestone, a milestone in the sense that it has taken us some time to get here. But it is the most significant one. The most significant one, which will pave the way for others to also emulate the steps taken by France in signing this bilateral agreement”.
He says “We expect to complete the process as soon as possible so that Ghana will breathe again.”
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