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
-
La Nkwantanang-Madina MCE orders probe into alleged chemical ripening of fruits
1 minute -
EOCO must name all persons linked to Berko bribery scheme — NPP
3 minutes -
Prophet Emmanuel Adjei leads powerful prophetic encounters at ‘Born to Prophesy 2026’
10 minutes -
Bagre Dam spillage: NADMO secures temporary shelters for potential flood victims
10 minutes -
NALAG President charges assembly members to keep ‘eagle eye’ on public funds
12 minutes -
Mahama must probe$1.7bn GoldBod loss – Abena Osei-Asare
30 minutes -
Ousted Syrian dictator Bashar al-Assad sentenced to death in absentia
38 minutes -
Assin Fosu court orders mental examination for woman accused of assaulting 10-year-old daughter
48 minutes -
Vice President calls for sustainable livelihoods, stronger protection for Kayayei
53 minutes -
Family, passengers injured in ghastly road crash at Ejisu
56 minutes -
DMU 002 train repaired after colliding with goat near Ashaiman
1 hour -
Three remanded over alleged concealment of 869 cocaine slabs in gari
1 hour -
Ernest Chemists mourns with Dagbon, donates GH¢70,000 to Palace
1 hour -
Court turns down bail for alleged romance scam pastor
1 hour -
Asokwa MCE links recent MoMo vendor attacks to Asafo Market decongestion
1 hour