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.
Source: Joy Business
ALSO READ: