Audio By Carbonatix
Ghana is ineligible to receive foreign assistance for the Financial Year 2026 from the United States under the Millennium Challenge Compact.
This is pursuant to the debt default restriction in section 7012 of the Financial Year 2025 SFOAA, pending a debt restructuring agreement.
The revelation was captured in the Millennium Challenge Corporation Candidate Country Report for Fiscal Year 2026.
The report stated that “Ghana is ineligible to receive foreign assistance pursuant to the debt default restriction in section 7012 of the FY [Financial Year] 2025 SFOAA pending a debt restructuring agreement”.
It added that "Ghana is among 18 countries that would be considered candidate countries for purposes of eligibility for MCC compact assistance for FY 2026, but are ineligible to receive United States economic assistance under part I of the Foreign Assistance Act".
This is based on legal prohibitions against economic assistance that apply as of August 6, 2025.
The report continued that "Countries identified above as candidate countries, as well as countries that would be considered candidate countries but for the applicability of legal provisions that prohibit U.S. economic assistance, may be the subject of future statutory restrictions or determinations, or changed country circumstances, that affect their legal eligibility for assistance under part I of the Foreign Assistance Act by reason of application of the Foreign Assistance Act or any other provision of law for FY 2026".
Other countries ineligible to receive the foreign assistance under the MCC are Burma, Burkina Faso, North Korea, Syria, Sri Lanka, Venezuela and Zimbabwe.
Latest Stories
-
KIA renaming should be done in consultation with Regional House of Chiefs – Gov’t urged
10 minutes -
We need a single African currency to enable seamless trade – Pearl Nkrumah
22 minutes -
Prisons Council engages Interior Minister on service development and operational challenges
24 minutes -
Local gold refining takes off as GoldBod, Gold Coast Refinery roll out new partnership
34 minutes -
Ghana’s presidency regains prestige under Mahama – Okudzeto Ablakwa
35 minutes -
Gunmen reportedly kill dozens in Nigeria as US military deployment confirmed
47 minutes -
Man sentenced to life in prison for 2024 attempt on Trump’s life
51 minutes -
Access Bank MD pushes for strategic partnerships, digital platforms to boost African SMEs
53 minutes -
MCE assures completion of stalled Kwadaso-Foase road project
1 hour -
Kejetia market traders demand refund of money over middle lane eviction
1 hour -
Wontumi trial: Prosecution closes case, court gives accused 14 days to file submission of no case
1 hour -
Masterminds Podcast redefines the blueprint for African excellence
2 hours -
Africa must unite – Prof Opoku-Agyemang
2 hours -
Minority calls for revisit of Akufo-Addo’s proposal to rename UG after J.B Danquah
2 hours -
Gunmen reportedly kill dozens in Nigeria as US military deployment confirmed
2 hours
