France and Ghana are advancing plans to restructure Ghana’s sovereign debt under a bilateral agreement worth €2.5 billion, as part of broader efforts to support economic recovery, job creation, and long-term development.
The announcement was made during the celebration of the French National Day at the newly renovated French Residence in Accra, where senior government officials, diplomats, creatives, and business leaders gathered to reflect on the enduring partnership between the two countries.
French Ambassador to Ghana, Mr Jules-Armand Aniambossou, said the forthcoming agreement is part of France’s commitment to help Ghana regain financial flexibility and stimulate economic growth.
He noted that French companies had already invested over €2.5 billion in Ghana, contributing to more than 50,000 direct and indirect jobs across key sectors.
“France is also standing by Ghana’s side to contribute to the country’s economic recovery, with sovereign loans from State to State in the field of maritime safety and public health,” the Ambassador said.
“The French companies in Ghana have chosen to stay, to invest, and to believe in this country and its opportunities,” he added.
He underscored the importance of creating an enabling environment for businesses and praised the Ghanaian government’s efforts to restore investor confidence.
The Ambassador added that economic recovery must go hand-in-hand with inclusive development, especially for young people.
Mr Aniambossou also highlighted key areas of collaboration, including the Artificial Intelligence for Sustainable Development project between KNUST and Université Paris-Saclay, which is developing practical AI solutions in agriculture, health, and education while supporting Ghanaian start-ups.
On cultural cooperation, he pointed to the “Creation Africa Ghana” initiative as a platform that bridged arts and entrepreneurship, helping artists scale their work and empowering young creatives. A second phase of the initiative, he noted, is already underway.
Representing the Government of Ghana, Minister for Public Sector Reforms, Madam Lydia Lamisi Akanvariba, reaffirmed Ghana’s deep appreciation for France’s support, especially in times of economic uncertainty and democratic transition.
“The Republic of Ghana attaches profound significance to its enduring and cordial bilateral relations with the French Republic,” she said.
Madam Akanvariba stated, “We remain committed to strengthening this partnership in ways that promote inclusive growth and national development.”
The Minister commended the work of the French Development Agency (AFD), especially in northern Ghana, where projects in agriculture, water management, and urban infrastructure were addressing longstanding development challenges.
She also welcomed continued collaboration in defence and maritime security, particularly through engagements between the French and Ghanaian navies and training at the Kofi Annan International Peacekeeping Training Centre.
Source: GNA
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