Debts: Ghana

Treasury written question – answered on 25th January 2023.

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Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, what recent discussions he has had with G20 counterparts on the potential merits of cancelling some or all of Ghana’s international debts.

Photo of Andrew Griffith Andrew Griffith The Economic Secretary to the Treasury

The UK welcomes Ghana’s request for a debt treatment under the G20 Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative. We stand ready to deliver a debt treatment for Ghana under the Common Framework in a timely and efficient manner. We look forward to the swift formation of a creditor committee for Ghana which will discuss and agree the parameters of a debt treatment.

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