By: Goodluck E. Adubazi, Abuja.

The Government of Ghana and the African Export-Import Bank (Afreximbank) have announced the successful resolution of issues surrounding a US$750 million financing facility signed in 2022, ending months of uncertainty and reaffirming their commitment to work together on Ghana’s economic development.

In a joint statement released on Wednesday, Ghana’s Ministry of Finance and Afreximbank confirmed that all outstanding matters related to the facility have been resolved to the satisfaction of both parties, allowing the partnership to move forward without impediment.

Vincent Musumba, Afreximbank’s Communications, Media and Events Manager, in a statement issued said the agreement marks an important milestone in the long-standing relationship between the pan-African lender and the West African nation.

“The Government of the Republic of Ghana, acting through the Ministry of Finance, and Afreximbank are pleased to announce the successful resolution of the issues surrounding the US$750 million facility,” Musumba said. “This outcome enables both parties to continue partnering effectively in support of Ghana’s development agenda.”

The facility, originally signed in 2022, was designed to support critical economic initiatives, including trade financing and broader development programs. The resolution is expected to restore investor confidence and strengthen Ghana’s access to regional and international financial support.

Officials from both sides emphasized that the agreement reflects mutual trust and a shared commitment to Ghana’s long-term economic stability and growth.

The announcement comes at a time when Ghana is seeking to consolidate recent economic reforms and deepen strategic partnerships to drive recovery and sustainable development.