Stalled Kejetia Market, Others to Resume After Ghana-UK Debt Restructuring Agreement

The Redevelopment and Modernisation of Kumasi Central Market is among five major projects under the UK Export Finance (UKEF) that will witness resumption in the coming days.

It comes after the governments of Ghana and the UK reached a Bilateral Debt Restructuring Agreement, covering some US$256 million, according to the Ministry of Finance.

The agreement was signed in Accra by the Minister for Finance, Dr Cassiel Ato Forson, and the UK’s Trade Commissioner for Africa, Mr John Humphrey.

This marked the third bilateral agreement concluded by Ghana under the G20 Common Framework, following similar deals with France and the Export-Import Bank of China.

Dr Forson described the signing as both a relief and a call to action, noting that it is the nation’s hope never to return to this point of debt distress.

He praised the dedication of the Ministry of Finance team for supporting him in delivering this breakthrough, while reaffirming Ghana’s commitment to restoring debt sustainability and accelerating growth.

On his part, Mr John Humphrey hailed the deal as a landmark moment in UK–Ghana relations, stressing that it is more than just a financial agreement.

He said the partnership is making room for significant infrastructural development in Ghana, proving that initiatives such as the 24-Hour Economy and the Big Push are not mere slogans but real commitments backed by international collaboration.

Other projects that will resume include the Bolgatanga–Bawku–Pulimakom Road Project, Modernisation of the Komfo Anokye Teaching Hospital (KATH), Obetsebi Lamptey Interchange and Ancillary Works Project Phase II and Construction of Phase 1 of the Tema–Aflao Road Project.

Story by Hajara Fuseini

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