This, aiding disbursements under an International Monetary Fund (IMF) bailout programme to alleviate the country's worst economic crisis in decades.

The West African nation, the world's second-largest cocoa producer, signed a memorandum of understanding with its creditors in January after defaulting on most of its external debt in December 2022.

The 25 participating creditor countries also include the United States, Germany, and the United Kingdom, demonstrating broad international support for Ghana's economic recovery.

IMF approved a $3 billion, three-year bailout for Ghana in May 2023 that helped stabilise Ghana's economy and led to a Fitch rating revision.

"The terms of the debt treatment offer a debt service relief of $2.8 billion during the Fund-supported programme period (2023-2026)," a parliamentary report seen by Reuters said.

Under the restructuring terms, debt service payments due between December 20, 2022, and December 31, 2026, will be rescheduled, capitalised, and repaid from 2039 to 2043, delaying repayments by over 15 years, the report said.

--Reuters--