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Ghana secures $2.8bn debt relief as official creditors sign MoU

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Ghana has formally secured $2.8 billion in debt relief after all 25 members of its official creditor committee fully signed the Memorandum of Understanding (MOU) which was initially reached in principle under the G20 Common Framework for Debt Treatment.

This is expected to provide crucial fiscal breathing space as Ghana advances structural reforms under its $3 billion International Monetary Fund (IMF) programme.

He said, “The Government of the Republic of Ghana is pleased to announce that the Memorandum of Understanding (MoU) reached with its Official Creditor Committee (OCC) has been signed by all Participating Creditor Countries”, Finance Minister, Dr. Cassiel Ato Forson, told the media in Accra on Wednesday, January 29, 2025.”

“The signing of the MoU formalises the debt treatment agreed upon with Official Creditors and marks a crucial step towards Ghana restoring long-term debt sustainability. The agreement provides significant debt service relief during the Fund-supported programme period, allowing financial resources to be directed towards supporting and strengthening the economic recovery”, he added.

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He disclosed that discussions surrounding the remaining 7% of the deal are ongoing. The outstanding 7% involves negotiations with about 60 international financial institutions.

However, a $2.7 billion debt arrangement with commercial creditors remains unresolved – leaving the government focused on securing a final agreement in the coming months.

“Ghana continues to engage in good faith with all commercial external creditors, striving to finalise restructuring agreements that respect Ghana’s need for debt relief and the comparability of treatment principle, the Minister added.

With the signing of the MOU by all members of Ghana’s official creditor committee, the country is nearing the completion of its external debt restructuring process.

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Securing this final component is critical to restoring fiscal stability and achieving the goals outlined in Ghana’s $3 billion International Monetary Fund (IMF) programme.

The debt relief under the G20 Common Framework provides Ghana with much-needed fiscal space to implement reforms, stabilize the economy and rebuild investor confidence.

This progress is also a significant step toward addressing the country’s debt sustainability challenges and positioning it for long-term economic recovery.

Government officials remain optimistic that ongoing engagements with commercial creditors will yield favourable outcomes, allowing Ghana to finalise its comprehensive external debt restructuring plan.

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Source: Citinewsroom.com

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Police arrest suspected romance scammer over fraud, sharing of intimate images

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The Ghana Police Service has arrested a man suspected of running a romance scam that targeted women with false marriage promises, blackmail, and the non-consensual sharing of intimate images.

The suspect, Nana Yaw Bonsu Kwarteng, was arraigned alongside Sally Akosua Amoasah before the Accra Circuit Court 1 on charges of conspiracy to commit crime, defrauding by false pretences, and non-consensual sharing of intimate images.

According to preliminary investigations, Kwarteng posed as a pastor conducting online church services on Instagram. He allegedly told women that “God had revealed” they were his future wives.

To gain their trust, police say he went as far as meeting their families and presenting them with promise rings.

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Investigators allege the suspect then obtained intimate images of some victims and used them to blackmail them for money.

He is also accused of introducing victims to a fake car tyre business. Under the pretext of shipping and clearing containers of tyres, he allegedly collected thousands of dollars from them before becoming unreachable.

Police further allege that Kwarteng shared the intimate images of some victims with his wife, Sally Akosua Amoasah, who is also accused of threatening the victims.

Seven victims have so far reported the matter to the Police. Investigations indicate the offences date back to 2021.

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The court remanded Nana Yaw Bonsu Kwarteng into Police custody to reappear on August 6, 2026. Sally Akosua Amoasah was granted bail.

The Ghana Police Service says it continues to receive complaints from other possible victims.

The Service is urging anyone who may have had similar encounters with the suspect to report to the nearest Police station to assist with ongoing investigations.

By Edem Mensah-Tsotorme

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Tourism industry mourns Prince Anthony Bart-Appiah

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Ghana’s tourism industry is in mourning following the sudden death of Prince Anthony Bart-Appiah, a pioneering figure credited with helping to reconnect the African diaspora to the continent.

Prince Anthony passed away in the early hours of Saturday, July 26, 2026, at his private residence in Spintex, Accra.

He was instrumental in the development and promotion of “The Year of Return,” the flagship tourism campaign that invited members of the African diaspora to return to Ghana in 2019.

The initiative is widely regarded as a turning point that boosted Ghana’s tourism numbers and strengthened cultural ties with Black communities across the world.

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Beyond his work with the GTA, Prince Anthony was the Chief Exexutive Officer (CEO) of Bridgezone, an agency dedicated to showcasing Africa to Western audiences and fostering cultural and business connections between the continent and the diaspora.

Colleagues describe him as passionate, strategic, and committed to telling authentic African stories that drive tourism, investment, and pride.

Widely known as Prince Anthony, he served as a Board Member of the Ghana Tourism Authority from 2025 to date.

A former British Army officer and a royal of the Akwamu clan, he brought discipline, vision, and a deep sense of heritage to every role he held
Prince Anthony was also a proud father to two teenagers, whom he deeply cherished.

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In a statement, the *Ghana Tourism Authority extended its heartfelt condolences to the grieving family, friends, and all sympathizers.

“The tourism industry has lost a pioneering figure and a vital link to the diasporan community,” the statement read.

The statement further added that “We pray for strength for the family during this difficult time.”

Tributes have since poured in from tourism stakeholders, creatives, and diasporan groups who say Prince Anthony’s legacy will continue to shape how the world sees and experiences Ghana.

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By Edem Mensah-Tsotorme

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