March 29, 2026
President-Nana-Akufo-Addo-of-Ghana

Ghana is poised to request debt relief via the G20 Common Framework programme and has sought reassurances that the negotiations can be expedited before proceeding, sources told Reuters.

The crisis-hit country, which secured a $3 billion staff-level agreement with the International Monetary Fund (IMF) in mid-December, has been hesitating due to the long delays faced by other countries using the process, one source familiar with the government’s thinking said.

The West African country must restructure its debt to get the final approval to access the IMF funds. In December, Ghana launched a domestic debt exchange and later said it would default on nearly all of its $28.4 billion of external debts.

The source said Ghana had reached out to the Paris Club of creditor countries in December to ask for assurances that the Common Framework process, set up by the Group of 20 leading economies in 2020 in response to COVID-19, could be expedited.

If it received such assurances, the government would quickly sign onto the Common Framework, the source said, speaking on condition of anonymity.

Another source with knowledge of Ghana’s debt restructuring said it was hard to see any other outcome for Ghana than signing up to the Common Framework as they have left themselves no other options.

A third source, who is familiar with the thinking of the IMF, said Ghana going through the Common Framework programme was under discussion and the most probable outcome, as well as the preferred option for the Paris Club.

The Common Framework, designed to allow for speedy debt reworks, has been widely criticised for its glacial progress. Chad, Ethiopia and Zambia signed up in early 2021. While Chad secured a deal with creditors in November, Zambia is still locked in talks. Ethiopia’s progress was held up by civil war.

Ghana’s finance ministry did not respond to a request for comment.

However, speaking on the day when the IMF deal was announced, Ghana’s finance minister said the Common Framework was “plagued with difficulties” and that the government would need guarantees of speed to sign up to it, in order not to “derail momentum”.

The Common Framework, designed to allow for speedy debt reworks, has been widely criticised for its glacial progress. Chad, Ethiopia and Zambia signed up in early 2021. While Chad secured a deal with creditors in November, Zambia is still locked in talks. Ethiopia’s progress was held up by civil war.

Ghana’s finance ministry did not respond to a request for comment.

However, speaking on the day when the IMF deal was announced, Ghana’s finance minister said the Common Framework was “plagued with difficulties” and that the government would need guarantees of speed to sign up to it, in order not to “derail momentum”.

Only poorer nations are eligible to request a Common Framework treatment, which will lead to an official creditor committee being convened and negotiations that are supported by the IMF and the World Bank.

Alternatively, a country aiming to restructure can do so by negotiating individually with each creditor.

Ghana’s public debt was 467.4 billion cedis ($47.7 billion) in September 2022, of which about $4 billion was bilateral, according to the Institute of International Finance. Of that, $1.9 billion was held by Paris Club countries and $1.7 billion by China.

Some holders of Ghana’s $13 billion overseas sovereign dollar bonds had previously said they would prefer the country not to go through what they viewed as a drawn-out and ineffective process.

The Paris Club did not immediately comment.

458 thoughts on “Ghana poised to request debt relief under G20 Common Framework

  1. From start to finish, this blog post had us hooked. The content was insightful, entertaining, and had us feeling grateful for all the amazing resources out there. Keep up the great work!

  2. Your passion for this topic shines through in your writing It’s clear that you put a lot of effort and thought into your posts Thank you for sharing your knowledge with us

  3. I just wanted to take a moment to say how much I appreciate your blog posts. They’re always well-written, informative, and keep me coming back for more. Keep up the great work!

  4. It means the world to us to hear such positive feedback on our blog posts. We strive to create valuable content for our readers and it’s always encouraging to hear that it’s making an impact.

  5. From the insightful commentary to the captivating writing, every word of this post is top-notch. Kudos to the author for producing such fantastic content.

  6. From the insightful commentary to the captivating writing, every word of this post is top-notch. Kudos to the author for producing such fantastic content.

  7. From the insightful commentary to the captivating writing, every word of this post is top-notch. Kudos to the author for producing such fantastic content.

  8. From the insightful commentary to the captivating writing, every word of this post is top-notch. Kudos to the author for producing such fantastic content.

  9. I appreciate the effort that goes into creating high-quality content, and this post was no exception. The insights and information were top-notch and made for a really engaging read. Keep up the great work!

  10. I just wanted to take a moment to say how much I appreciate your blog posts. They’re always well-written, informative, and keep me coming back for more. Keep up the great work!

  11. I just wanted to take a moment to express my gratitude for the great content you consistently produce. It’s informative, interesting, and always keeps me coming back for more!

  12. Your ideas and insights are unique and thought-provoking I appreciate how you challenge your readers to see things from a different perspective

  13. Your positivity and enthusiasm are contagious Reading your blog has become a part of my daily routine and I always leave feeling better than when I arrived

  14. Your passion for this topic shines through in your writing It’s clear that you put a lot of effort and thought into your posts Thank you for sharing your knowledge with us

  15. Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.

  16. It’s a shame you don’t have a donate button! I’d definitely donate to this superb blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this site with my Facebook group. Chat soon!

  17. I appreciate the effort that goes into creating high-quality content, and this post was no exception. The insights and information were top-notch and made for a really engaging read. Keep up the great work!

  18. Attractive component of content. I just stumbled upon your website and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing for your augment or even I achievement you access consistently quickly.

  19. I have read several just right stuff here. Definitely worth bookmarking for revisiting. I surprise how a lot attempt you set to make one of these wonderful informative web site.

  20. The very core of your writing whilst sounding reasonable originally, did not sit properly with me personally after some time. Someplace within the sentences you actually managed to make me a believer unfortunately just for a short while. I however have a problem with your jumps in logic and one might do nicely to fill in all those gaps. In the event that you can accomplish that, I would undoubtedly end up being fascinated.

  21. Neat blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your theme. With thanks

  22. From the insightful commentary to the captivating writing, every word of this post is top-notch. Kudos to the author for producing such fantastic content.

  23. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

  24. You made some really good points there. I looked on the internet for more information about the issue and found most individuals will go along with your views on this website.

  25. Hello there! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when browsing from my iphone 4. I’m trying to find a template or plugin that might be able to correct this issue. If you have any recommendations, please share. Many thanks!

  26. I read this piece of writing fully concerning the resemblance of most up-to-date and previous technologies, it’s remarkable article.

  27. For most recent news you have to go to see world-wide-web and on the web I found this web page as a most excellent web site for newest updates.

  28. Hey there! This is my 1st comment here so I just wanted to give a quick shout out and tell you I really enjoy reading through your posts. Can you recommend any other blogs/websites/forums that deal with the same topics? Thank you so much!

  29. I’m extremely pleased to find this web site. I wanted to thank you for ones time just for this fantastic read!! I definitely liked every little bit of it and I have you book-marked to check out new stuff in your web site.

  30. What’s Happening i’m new to this, I stumbled upon this I have found It positively helpful and it has aided me out loads. I am hoping to contribute & assist different customers like its helped me. Great job.

  31. Simply want to say your article is as astounding. The clearness for your submit is just spectacular and that i can assume you’re an expert on this subject. Well with your permission let me to clutch your RSS feed to stay updated with coming near near post. Thanks a million and please carry on the gratifying work.

  32. This is a solid breakdown. One thing I’d add is that the impact of these updates often lags by 2-3 weeks. We tracked this across multiple projects and found the recovery phase is where most people give up too early.

  33. Just wanted to say thanks for the detailed case study. It’s rare to see actual data backing up these claims. We’ll be adjusting our Q4 roadmap based on some of these insights.

  34. Thanks for the transparency. It’s refreshing to see a strategy that doesn’t rely on black-hat churn and burn. Sustainable growth is the only way forward.

  35. After looking at a handful of the articles on your web page, I honestly appreciate your technique of blogging. I book marked it to my bookmark website list and will be checking back soon. Please check out my website too and tell me what you think.

  36. I was suggested this website by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about my problem. You are amazing! Thanks!

  37. I blog frequently and I seriously appreciate your information. This article has really peaked my interest. I’m going to bookmark your site and keep checking for new information about once a week. I subscribed to your RSS feed too.

  38. Hi I am so delighted I found your site, I really found you by error, while I was looking on Bing for something else, Nonetheless I am here now and would just like to say many thanks for a remarkable post and a all round entertaining blog (I also love the theme/design), I don’t have time to look over it all at the moment but I have saved it and also included your RSS feeds, so when I have time I will be back to read more, Please do keep up the fantastic work.

  39. I will right away grab your rss feed as I can not find your e-mail subscription link or newsletter service. Do you have any? Please allow me realize so that I may just subscribe. Thanks.

  40. Pretty section of content. I just stumbled upon your website and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing to your feeds and even I achievement you access consistently fast.

  41. I have learn several excellent stuff here. Certainly worth bookmarking for revisiting. I wonder how a lot attempt you put to make this sort of fantastic informative web site.

  42. I am really inspired along with your writing skills and also with the format in your weblog. Is this a paid topic or did you customize it yourself? Either way stay up the excellent quality writing, it is rare to peer a great weblog like this one today..

Leave a Reply

Your email address will not be published. Required fields are marked *