Ghana and the African Export-Import Bank (Afreximbank) have resolved outstanding issues relating to a US$750 million financing facility signed in 2022, clearing the way for continued collaboration on the country’s development agenda.

The facility, approved by Ghana’s Parliament in July 2022, was disbursed in three tranches to support balance of payments needs, budget financing, trade flows, and infrastructure spending during a period of economic strain. Tensions emerged when Ghana included the Afreximbank loan in its broader commercial debt restructuring programme under an International Monetary Fund-supported reform plan.

Afreximbank argued that, as a multilateral lender, it should be treated separately from commercial creditors, a stance that had delayed finalisation of the financing arrangements.

Following several months of negotiations, the government, acting through the Ministry of Finance, and Afreximbank reached an agreement that satisfied both parties, according to a joint statement. The resolution removes uncertainty over the treatment of the loan in Ghana’s debt management framework and enables both sides to proceed with planned development projects.

The agreement comes against the backdrop of Ghana’s broader debt restructuring, which by late 2025 had addressed roughly 13 billion US dollars of international bonds. The IMF’s Extended Credit Facility arrangement remains in effect, highlighting the wider macroeconomic reforms in which the Afreximbank facility forms a key component.