IPNEWS: The Ministry of Finance, Ghana and Afreximbank have successfully resolved all outstanding matters related to a US$750 million financing facility agreed in 2022.
Key points from the resolution include:
- A mutually satisfactory agreement was reached, paving the way for continued collaboration.
- The dispute stemmed from Ghana’s desire to include the Afreximbank loan in its debt restructuring, while Afreximbank asserted its preferred creditor status.
- The resolution is seen as a positive sign for market confidence and Ghana’s commitment to honoring agreements.
- The settlement is expected to deepen the partnership between Ghana and Afreximbank, supporting trade financing and development projects.
The facility, approved by Ghana’s Parliament on July 20, 2022, was disbursed in three tranches to support balance of payments, budget financing, and infrastructure. The tranches included:
| Tranche | Amount | Tenor (Years) | Grace Period (Years) |
| Tranche A (EUR) | €200 million | 7 | 3 |
| Tranche A (USD) | US$101 million | 7 | 3 |
| Tranche B (USD) | US$350 million | 10 | 3 |
The total amount is approximately US$750 million. The specifics of the settlement, including whether Afreximbank incurred a loss, were not publicly revealed.
